Hey, Ross here:
The S&P 500 has fallen below its 200-day moving average.
And only 35% of stocks are now above their own 200-day moving averages.
But as today’s chart shows – we’ve seen lower during this bull market.
Chart of the Day
This is MMTH – which tells you the percentage of stocks are trading above their 200-day moving averages.
It measures market breadth, and is a great indicator of market health.
Right now, there’s no question market breadth is deteriorating.
But if you ignore the panicked headlines…
You will see that, during the August–October pullback of 2023, this percentage fell even lower – to below 24%.
I’m not saying that all is well with the markets right now.
But I am saying that all the talk about a “market crash” and “sudden recession” is highly overblown.
Insight of the Day
It’s easy to say you’ll go against the crowd – until it actually comes time to do it.
When things are going good, when the market is steadily chugging upward…
It’s easy to say you’ll be able to go against the crowd when the time comes.
But when the time does actually come…
When everybody is talking about crashes and recessions…
When everybody is saying that “this time is different”…
Suddenly it’s not so easy anymore.
That’s why emotional discipline is a core skill every trader needs.
My goal here is to give you a more accurate picture of what’s going on in the market, so you don’t allow yourself to get so easily swayed by the fear-mongering media.
This is also why having a proven strategy is so important…
Because it allows you to trade based on objective markers…
Instead of what the manufactured environment is influencing you to do.
And later this afternoon at 3 p.m. Eastern…
I’m going LIVE for a strategy session on how to exploit this market panic.
I’ll show you my top strategy for targeting the explosive breakouts that are still happening beneath the surface – unnoticed by 99% of most traders.
These setups have led to gains like 77% in 3 weeks, 87% in 24 hours, and 136% in just four weeks…
And if the market turns, we could see even faster gains.
But do capture those kinds of returns, now is the time to position yourself – against the crowd.
So if you haven’t yet, click here to guarantee your seat for my live strategy session later…
And I’ll see you this afternoon at 3 p.m. ET.
Customer Story of the Day
“Top drawer recommendations for portfolio growth and trade advice. Good for learning how to manage the bank.”
Ross Givens
Editor, Stock Surge Daily
