Hey, Ross here:
The S&P 500 just reclaimed its 200-day moving average. It first fell below this level two weeks ago.
We’ll still need to see more follow through to confirm any sort of real bounce.
In the meantime, let’s look at something a little different today…
Which sectors the analysts are most bullish on for the second quarter.
Chart of the Day
This chart shows the percentage of buy, hold, and sell ratings – represented by green, yellow, and red, respectively – across the various S&P 500 sectors.
It gives you a quick look at which sectors analysts are most bullish on in Q2…
Which in this case, appears to be Energy (with them being the least bullish on Consumer Staples).
Now, I’m certainly not telling you to go out and start scooping up energy stocks.
But even though I don’t put too much weight on the ratings of these stock analysts…
It’s still helpful to get a broad picture of their collective views.
But there is a group of people whose views I put a lot of weight on…
I explain more below.
Insight of the Day
When it comes to gauging a company’s stock – the insiders will always know more than the analysts.
Like I said, it’s helpful to get a broad picture of what all the analysts are collectively thinking.
But when it comes to actually assessing a company’s stock, and determining whether it’ll be a good trade?
I’ll take heavy insider buying over a dozen “Strong Buy” analyst ratings each and every time.
You see, the corporate insiders know far more about their own companies than even the best analyst can even hope to achieve.
And unlike the analysts, who slap a rating on a stock and go about their day…
These corporate insiders are putting their money where their mouth is. They have real skin in the game.
That’s why I follow insider buying activity so closely.
And in this choppy market, where broad bullish momentum has yet to return…
Insider buying has become an even more valuable signal than ever.
But – not all insider buying is created equal.
There are a lot of false alarms, and if you don’t know exactly what to look for – you could actually end up doing worse.
That’s why later this afternoon at 3 p.m. Eastern…
I’m going LIVE for a very special broadcast…
Where I’ll show you exactly which insiders you want to follow – and which ones you don’t.
After the live broadcast, you’ll know:
- Where to find the complete record of all these insider trades…
- The critical must-know mistakes traders make when following insiders…
- And the 3 most powerful – yet counterintuitive – insider buying signals there are…
This will allow you to follow the top insiders into the highest-potential stocks – regardless of what’s happening in the broader market.
So, if you haven’t yet – click here to guarantee your spot for my live broadcast this afternoon…
And I’ll see you later today at 3 p.m. Eastern.
Customer Story of the Day
“Ross Givens is an excellent teacher, and his trading techniques work very well. I have been with him for about one and a half years and have made excellent money.”
Ross Givens
Editor, Stock Surge Daily
