Hey, Ross here:
As expected, markets rebounded strongly yesterday after both China and Trump took on a more conciliatory stance.
However, indexes still remain below last week’s highs…
And as negotiations progress, we could see a lot more whipsawing in the markets.
Plus, as today’s chart shows – the market is likely overdue for a pullback anyway.
Chart of the Day
This chart shows just how many days the S&P 500 has gone without experiencing a 5% pullback.
Since the index only dropped by 3% on Friday and recovered about half its losses yesterday…
We’re now at 97 days without a 5% pullback.
As you can see, this is up there with some of the longest streaks over the past 15 years.
In other words, we shouldn’t be surprised if we see a pullback…
Which as I’ve said time and time again – are completely necessary parts of healthy bull markets.
And here’s the thing about markets that are ripe for a pullback…
They’re basically just looking for any “excuse” to trigger the pullback.
In other words, any little piece of negative news could be a potential catalyst for a pullback to begin.
Plus, as I told you a couple weeks ago, October is historically one of the most volatile months of the year…
And that appears to be playing out.
For many traders – especially those who expect the market to only move up in a straight line – this is horrible news.
But for traders who understand how markets actually work – this is an opportunity…
Especially if they understand the mistake the “smart money” made earlier this year.
I explain more below.
Insight of the Day
A lot of the “smart money” has been waiting for a pullback so they can catch up.
As I’ve said before, not all “smart money” is created equal.
Many of them are actually lagging the market for the year…
Because they remained overly cautious even as the markets rebounded after April.
They’re not going to make the same mistake again.
I believe that every dip we see will be relentlessly bought by these “smart money” players.
And that’s something we can take advantage of.
That’s why later this morning at 11 a.m. Eastern…
I’m going LIVE to show you a powerful strategy for playing this current uncertain market by targeting these “smart money” flows.
This strategy just delivered us a 20% single-day gain on a trade we entered into last Friday…
And it looks like it will deliver another 10% just at the open this morning.
That’s not all. Because we’ve used this same strategy to find open portfolio gains of:
- 68% since July 14th…
- 106% since June 4th…
- 164% since May 8th…
- And 577% since April 24th
But with October volatility hitting us hard – and the “smart money” desperate to catch up…
Now is the time to put this strategy to work for yourself.
So, if you haven’t yet…
Click here to guarantee your spot for my live strategy briefing later this morning…
And I’ll see you in just a bit at 11 a.m. ET.
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
Customer Story of the Day
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Ross Givens
Editor, Stock Surge Daily
