Hey, Ross here:
Welcome to a new week.
Markets continue to look uglier and uglier.
What we’re looking for is signs of capitulation – that all the bulls have left the building, the moment of maximum pessimism.
That’s when bottoms happen.
This selloff has provided a few false capitulations/bottoms recently.
But I haven’t seen true evidence of capitulation yet.
But here’s what I’ve been seeing plenty of evidence for – volatility, and more and more of it.
Let’s take a look.
Chart of the Day
The CBOE Volatility Index (VIX) just closed above the 30 mark last Friday.
That’s the highest daily close since the tariff selloff in April last year.
Now, the VIX is just one measurement of volatility (it measures the market’s expectation of 30-day volatility for the S&P 500).
But if we look at other measures of volatility, we can see that they are all sitting at levels last seen during the tariff selloff as well.
Take for instance, small-cap volatility…
And even bond volatility.
Here’s another interesting measure – the number of intraday reversals in the S&P (sessions where it opened higher and ended lower, or vice versa).
And with conflicting information about the Iran conflict sometimes coming out by the hour, these intraday reversals look set to increase.
The question then is – what playbook can we use for such a market?
Is there even one?
I attempt to clarify in the Insight of the Day below.
Insight of the Day
You can’t rely on any one playbook to thrive in this kind of market.
This market is way too volatile and uncertain for you to be able to rely on just one playbook or strategy.
It just can’t be done.
If you’re a “one-trick pony” kind of trader, the best move right now is probably to trade light or even not at all.
If you do decide to trade, focus on the areas holding up the best in this weakness.
But if you want to not just survive, but thrive amid all this volatility…
Then you need the broadest array of proven strategies in your trading arsenal.
You can’t rely on one playbook – you need a wide range of them.
That’s why every week I go LIVE to break down what I’m seeing in the markets in real time…
As well as highlight the opportunities I’m seeing that others are likely missing.
And as part of our Easter special…
You can join me for these live sessions for just 99 cents for an entire year.
No catch. Just pure value in these turbulent times.
So click here to grab this 99-cent offer while it’s still up…
And I look forward to seeing you in my next live session.
Customer Story of the Day
“I guess I have been a newbie in the stock market for years. Buying a stock and just letting it ride.
Yes, I made a little money, but after finding Ross Givens and his educational methods a few months ago, I have moved the stocks in my portfolio to ones with more potential than ever before.
I am so impressed I purchased a lifetime membership and learned a new selection method daily.”
Ross Givens
Editor, Stock Surge Daily
