Built by Traders, for Traders

Ross Givens

Stock Trader & Educator

“Scared” by New All-Time Highs?

Hey, Ross here:

Yesterday morning, I shared a chart showing how falling oil prices could signal more stock gains to come.

By the end of the trading day, markets were at new all-time highs – again.

And while that’s exciting for many, it’s also scary for some. To them, it’s a sign the market may be too over extended – setting itself up for a big fall.

Today’s chart shows why you shouldn’t be scared by these new all-time highs.

Chart of the Day

Source: @granthawkridge via X

This chart shows just how many times a year the S&P 500 is at all-time highs. It dates back all the way to 1950.

Over 5 months into 2024, the S&P 500 has hit new all-time highs 25 times. That’s a lot – definitely above the average.

And yet, as you can see, it’s not an extreme number. Other years have had three times as many. Plus, let’s not forget that there were zero all-time highs in 2023 (despite how well the market did).

So let’s not worry about all the all-time highs.

The truth is, the US stock market has been one of the greatest wealth builders in human history. It’s normal for it to keep going up and hitting new all-time highs.

So don’t waste your mental energy worrying – redirect it towards spotting opportunities instead.

Insight of the Day

Regardless of what the broader market is doing, there are always stocks hitting all-time highs.

And that’s because of how different sectors lead the market at different times – even during bear markets.

Remember when energy stocks were booming in the 2022 bear market? That was a prime example.

And as I said, right now, new sectors are rising to the front of the market…

And targeting the leading stocks within those sectors is how we do great while the market is doing good.

It sounds simple, but it’s extremely effective.

That’s why tomorrow morning at 11 a.m. Eastern…

I’m going LIVE for a masterclass to show you exactly how to use my favorite chart pattern of all time to position yourself in these leading stocks.

I’ll reveal:

  • Exactly what this chart pattern looks like…
  • The statistics of its incredible performance in both bull and bear markets (it does way better in bull markets)
  • And the precise method for positioning yourself within this pattern to set yourself up for the biggest and fastest gains.

This chart pattern has been my “secret weapon” for years – so I can’t wait to share it with you.

Make sure you click here to save your spot for my live masterclass tomorrow…

Block your calendar…

And watch out for the login details in your inbox tomorrow morning.

Ross Givens
Editor, Stock Surge Daily

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