Hey, Ross here:
Has the breakout already started?
Let’s take a look.
Chart of the Day
After yesterday’s close, the Nasdaq appears to have already broken out of its sideways consolidation, which I’ve marked in the white rectangle above.
And while the S&P 500 closed slightly lower compared to the open yesterday…
It still closed a bit above the top of the consolidation rectangle.
Now, don’t get me wrong – it’s still too early to tell for sure.
For the breakout to stick, we would want to see either a clear shot up – where the market just takes off from here…
Or we want to see it test the resistance line – the top part of the rectangle – a few times to see if it manages to hold up as support.
How things play out over the next week could be crucial.
But that doesn’t mean you should wait.
Insight of the Day
Remember that the leading stocks will break out ahead of the market.
The market doesn’t all move in tandem.
When a breakout happens, the leaders move first and the rest follow.
And the stocks that move first aren’t necessarily the big mega-caps everyone knows about.
Sure, it’s these mega-caps that will pull the market up along with them when they move.
And that makes them important in a big picture sense.
But it’s the smaller stocks that break out ahead of the market that hold the most potential.
They tend to move the fastest and the highest – usually completely unnoticed by most traders fixated on the headlines.
That’s where you want to focus.
Tomorrow morning at 11 a.m. Eastern…
I’ll be going LIVE to show you a battle-tested strategy for targeting these stocks.
It involves following the bets the most well-informed traders on the market are making with their own personal money.
These are traders who have certainty well before the rest of the market does…
So they don’t need to wait for a breakout to become obvious before positioning themselves.
They can position themselves early to go for even larger gains.
And by following their footsteps, you can do the same.
Click here to register for my live strategy session tomorrow…
And let’s play this impending breakout the smart way.
See you Friday morning at 11 a.m. ET.
P.S. If you’re planning to attend on a mobile device, download the presentation app now so you don’t miss anything when it starts.
iOS: https://apps.apple.com/us/app/goto/id1465614785
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Customer Story of the Day
“I recently attended my first Ross Givens live session, it was very educational.
He encouraged questions and shared valuable insights that I applied immediately.
He has a deep understanding of the stock market and explained his analytical methods in a way that was easy to grasp, even for beginners.
All of his trading strategies were presented with real-world current examples.
I walked away much more confident in my ability to analyze stocks and make informed investment decisions.
Highly recommended!”
Ross Givens
Editor, Stock Surge Daily
