Hey, Ross here:
The S&P 500 just had its best week since October 2022 – the end of the bear market.
For the past two weeks, I’ve been consistently saying that we should not panic…
That it was a correction not a crash…
And that the fears of a recession were being blown out of proportion.
Remember, fear sells – which is why the mainstream media pushes it so heavily.
So to start the week, let’s look at a couple charts that show just how dangerous letting their fear-mongering influence you can be.
Chart of the Day
This is the put-call ratio which shows the ratio of traders buying put versus call options.
Right now, the put-call ratio is way above average, which CNN (in its Fear and Greed Index) says denotes “fear”.
In a sense, they’re right – it does indicate that there are plenty of scared traders.
But here’s what they’re not telling you.
This chart below shows the put-call ratio juxtaposed with the S&P 500.
And as you can see, spikes in the put-call ratio have reliably indicated market lows – i.e. the best time to buy.
This is why you shouldn’t get sucked into the media’s fear mongering.
Insight of the Day
Achieving superperformance in the market will always require some level of contrarian action.
A high put-call ratio means many traders are bearish…
But as you’ve just seen, it’s also one of the best times to get aggressive.
This is contrarian – but achieving superperformance in the market will always require some level of contrarian action.
Remember, the average trader stinks.
They panic and sell at the bottom. They chase trends and buy hot stocks at the highs. Following the herd is a good way to lose a lot of money.
My goal is to give you the tools and knowledge you need to outperform the herd.
And that’s also why tomorrow morning at 11 a.m. Eastern…
I’m going LIVE for a masterclass on a strategy that is almost the polar opposite of following the herd…
By following the corporate insiders – high-ranking executives exploiting an SEC loophole to trade their own company stock.
These insiders know better than any Wall Street analyst about what could be coming down the pipe for their own companies…
Giving them an incredibly powerful advantage over the rest.
One “insider” stock the strategy I’ll be showing tomorrow shot up over 50% in a matter of days at the end of July…
And with the market recovery accelerating, gains like this could just be the start.
So make sure you click here to save your seat for my LIVE insider masterclass tomorrow morning…
Where I’ll show you:
- 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 tomorrow morning.
As Warren Buffett says – be greedy when others are fearful.
See you tomorrow at 11 a.m. ET – try to login earlier if you can.
Ross Givens
Editor, Stock Surge Daily
