Hey, Ross here:
Let’s start the day by looking at a chart that shows just how broad this market recovery has been.
Chart of the Day
The tech-heavy Nasdaq is still 4% off its previous highs.
And yet, the Equal-Weighted S&P 500 – which discounts the effect of the mega-cap tech stocks – already moved past its previous highs on Monday.
Plus, if we look at the Russell 3000 Index – which covers about 98% of the U.S. investable stock universe – we see something similar. It’s now only 1% off its previous high.
In short, this recovery is broader than most think.
So don’t miss it.
Insight of the Day
The broader the recovery, the more opportunity there is in smaller lesser-known stocks.
Everyone’s talking about how much the Big Tech stocks have recovered since the selloff.
It’s not surprising that those stocks command a disproportionate amount of attention.
But it also causes traders to ignore that this recovery extends to many smaller lesser-known stocks as well…
And it’s these stocks that have the greatest gains potential.
The problem, of course, is that there are literally thousands of these smaller stocks out there…
Meaning if you don’t know how to separate the wheat from the chaff, you could get badly burned.
But if you do have a strategy for effectively doing this, you could do great while the rest of the market is doing good.
One of my favorite ways of doing this is to analyze insider buying activity.
These are corporate insiders who are legally allowed to trade their own company stock.
And by carefully looking at their trading activity for certain signals, we can identify opportunistic buying on their part.
Remember, these corporate insiders know more about their own companies than any Wall Street analyst.
So when we see they’re exploiting their unfair informational advantage for their own gain, we want to be right there with them.
And that’s why later this afternoon at 3 p.m. Eastern…
I’m going LIVE for a masterclass that will show you exactly what you need to do to profit from this “opportunistic insider buying”.
One stock these insiders piled in on recently shot up over 50% in just a few days…
And as the broad market recovery accelerates, this could just be the start.
So, if you haven’t already, make sure you click here to guarantee your spot for my LIVE insider masterclass later this afternoon…
And get ready to discover:
- How to access the database containing the records of all these insider trades…
- The subtle yet dangerous mistakes traders make when trying to follow these insiders…
- And the 3 counterintuitive insider buying signals you must know about.
The login details will be in your inbox before the masterclass starts.
See you at 3 p.m. ET later – try to login earlier if you can.
Ross Givens
Editor, Stock Surge Daily
