Hey, Ross here:
Welcome to a new trading week.
The rally continues…
But the only thing better than seeing the market rally is watching the bears lose money as their pessimism proves unfounded.
Chart of the Day
After a quick break, the market broke through resistance Friday and looks set to continue.
I said last Friday that brief pauses in rallies are 100% normal and should be expected…
And that has played out just as I said.
This is a fantastic opportunity…
Which is why I’ll be going back to posting some actionable trade ideas over the next few days – so make sure you keep a lookout for those.
For today though, let’s look at a key lesson from all this – especially when you’re constantly bombarded with negative news.
Insight of the Day
You must learn to detach the stock market from the economy.
They are not the same. In fact, the stock market leads the economy – not the other way around.
Those who wait until things are all sunshine and roses will miss out on the lion’s share of market gains.
As the famed technical analyst Walter Deemer used to say, “When it’s time to buy… you won’t want to.”
Yes, rates are high. Yes, debt is out of control. Yes, there are two wars in the Middle East and above-average inflation.
But guess what?
That is when markets bottom… when things are at their worst and slowly begin to improve.
Last Thursday’s pause in the rally was an opportunity for those who realized this.
Those with access to my flagship “Stealth Trades” strategy could already have initiated multiple positions on surging stocks…
And this could just be the beginning.
So, if you want in on this strategy before this rally gets ahead of you…
Embrace the surge,
Editor, Stock Surge Daily