Hey, Ross here:
Earlier this week, I showed you how to spot climactic tops in stocks by looking for “exhaustion gaps” right here on this newsletter.
But with the stock market being so strong to start the year, some are wondering whether the market itself may be getting exhausted.
Well, as today’s chart shows, there’s always more fuel for the next leg up.
Chart of the Day
Most people simply underestimate the sheer amount of money floating around the United States today.
As you can see, the total amount of cash parked in money market funds – also called the “cash on the sidelines” has been steadily increasing over the past few years…
And most analysts only expect this trend to continue.
Sure, the Fed’s flagrant money printing probably contributed to this…
But the fact is, the American economy and its stock market has proven itself to be the strongest in the world…
So even though I expect a pullback or pause to happen, this shows there is always more fuel to keep powering the market for the next leg up…
And this means savvy traders should focus on what really matters right now.
Insight of the Day
Instead of worrying about the market getting “exhausted” – focus on targeting the highest-potential pullback stocks to set yourself up for the next leg up.
Worrying about the market is just wasted time and energy – especially in conditions like these.
The best thing you can do now is to focus on targeting the highest-potential “pullback stocks” – the stocks that are consolidating and pulling back…
But just like a slingshot, are actually preparing to go flying.
Getting into these stocks now – before the next leg up – is what will set yourself up for maximum gains down the line…
So don’t delay.
I’m going LIVE in just a bit at 11 a.m. Eastern later today for a masterclass that will allow you to spot the specific “pullback stocks” with the greatest chance of launching themselves much higher after.
Spots are almost filled up – so make sure you click here to save your seat for my masterclass…
And you’ll receive the login details closer to the start time.
See you in a bit.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
