Hey, Ross here:
I’ve been talking a lot recently about how the big institutional money just keeps pouring into the US stock market.
So for today, let’s take a quick breather from that and look at a powerful gauge of the market’s health.
Chart of the Day
This is the percentage of stocks trading above their 200-day moving average.
The 200-day moving average is a great gauge of the long-term direction – and thus, an effective way to measure the market’s fundamental health.
Right now, 63% of stocks are trading above their 200-day moving average, meaning they’re in a long-term uptrend.
As you can see, this is toward the top-end of the range for the past one year.
That’s a good sign – especially when you consider the 200-day moving average is not static, but moves upward together with the price.
It looks to me like we’re still very much in a healthy bull market.
Insight of the Day
Pullback buying is an intelligent choice in healthy markets. But – that doesn’t mean you should only wait for pullbacks.
I’ve been pounding the table on buying pullbacks for almost two years now.
So far, I’ve been right every time.
But that doesn’t mean we should only buy pullbacks in a healthy bull market.
Right now, the market has surged out of the pullback.
That’s a clear sign of strength – which will only attract more buyers to the party.
Use them to your advantage.
The corporate insiders certainly are.
Thanks to their inside knowledge, they’ve already positioned themselves to reap the benefits of all this enthusiastic money flowing in.
And after my LIVE masterclass tomorrow morning at 11 a.m. Eastern…
You’ll be able to do the same.
Because I’ll be demonstrating my proven strategy for following the trades of the best corporate insiders.
This strategy has never had a losing year – even in the 2022 bear market – and has built up a compounded 1,900% gain since inception.
And one stock this strategy alerted me to just last week jumped 20% in just 3 trading days.
But based on current market conditions, this is just the beginning.
So click here to save your seat for my live insider masterclass tomorrow morning…
And get ready to walk away with my entire insider playbook, including:
- The “triggers” that compels these insiders to buy…
- The dangerous warning signs you need to know when following the insiders…
- The most powerful – yet counterintuitive – insider buying signals there are.
Let me show you how to use their advantage for your profit.
I’ll see you tomorrow morning at 11 a.m. ET.
Customer Story of the Day
“I am new at trading and have bought many programs, Ross’s training is bar-non. Ross is the first one I actually placed trades with.
I only do one contract at a time and I am up $500 my first week. My first trades were life changing to me! Thank you! Ross and your Team…”
Ross Givens
Editor, Stock Surge Daily
