Hey, Ross here:
The market has been stronger than even I expected these past few weeks.
But there’s evidence that a short-term pullback may finally be here.
Chart of the Day
This is the percentage of stocks on various indexes – covering small, medium, and large-cap stocks – trading above their 20-day moving averages.
The 20-day moving average is a gauge of short-term market direction.
And as of yesterday, most indexes are seeing less than 50% of stocks trading above the 20-day average.
That’s a clear sign of a short-term pullback.
If you look at the equal-weight S&P 500 Index (RSP), you can see it’s been pulling back this entire week.
Combine that with negative seasonality (August is historically a fairly weak month for stocks)…
Tariff’s kicking into effect for many countries starting today…
Plus the chances of a September rate cut falling by the day…
And you have a recipe for a pullback…
One that could last longer than most expect.
Now, yesterday, I said the market was still on the offensive.
That may seem to contradict what I just said today.
It doesn’t – and I explain why below.
P.S Missing just one day of knowing what’s going on in the markets can leave you behind the curve. Don’t let that happen. Text the word “trade” to 87858 and get this newsletter straight to your mobile.
Insight of the Day
A market can pull back – and still be on the offense.
It seems like a contradiction, but it’s not.
Remember, a lot of pullbacks come as a result of profit taking…
And when markets are at highs, that’s when many traders naturally want to take profits.
This does not mean a rotation into defensive sectors.
In fact, the Consumer Staples ETF – the traditional defensive sector – declined significantly yesterday.
I already said a couple weeks ago that the market was looking a little overextended.
This pullback is thus necessary and healthy…
And it will actually help many stocks “reload” for the next explosive move higher.
But if you wait for these stocks to shoot up, it’ll be too late.
You want to position yourself during this “reload” phase.
And that’s why in just a few hours later this morning at 11 a.m. ET…
I’m going LIVE to show you exactly how to identify these stocks…
And precisely when to position yourself to target maximum profits.
I’ll walk you step-by-step through this mechanical, time-tested strategy that has uncovered wins of 270% in 70 days, 177% in 11 days, and 148% in just 2 days…
And also reveal the name and ticker of a stock that’s teed up right now for a potential price eruption.
So click here to guarantee your seat for my live demo if you haven’t already…
And I’ll see you in just a bit at 11 a.m. ET sharp.
Let’s use this pullback to our advantage.
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
iOS: https://apps.apple.com/us/app/goto/id1465614785
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Customer Story of the Day
“Ross Givens from Trader’s Agency is an awesome resource to help you with your investing needs and investing education.
I waited about three months to write this review to give myself time to see the impact on my portfolio and I have been completely satisfied.
Ross has a no nonsense, simple approach that makes it easy for all investors and he takes the time to answer all questions on a weekly basis.
Thanks, Ross and Traders Agency!”
Ross Givens
Editor, Stock Surge Daily
