Hey, Ross here:
Yesterday, I showed you how we are in a classic consolidation pattern within a solid longer-term uptrend.
And while last week’s price action was choppy…
The reality is that markets only closed slightly lower for the week.
And yet – retail sentiment has collapsed.
Chart of the Day
Long-time readers will likely be familiar with this chart.
It’s the weekly sentiment survey results of the AAII (American Association of Individual Investors).
As of Wednesday last week nearly half of AAII members are bearish – a massive 13% increase from the week prior.
The retail bears are now heavily outnumbering the bulls…
With bearishness at levels last seen during the tariff selloff earlier this year.
But as I said yesterday, this is all still healthy bull market behavior in the longer term.
The long-term trend is intact…
Over 50% of stocks are running above their 200-day moving averages…
And liquidity conditions continue to loosen.
But again, that’s the longer term.
I explain what I see coming in the immediate term below.
Insight of the Day
Expect more uncertainty ahead.
At least in the immediate term, I’m seeing more uncertainty and volatility ahead.
We’re going to get a deluge of previously-delayed economic data as the shutdown comes to a close…
The odds of the Fed cutting in December have currently fallen below 50%…
And fears of an AI bubble bursting are spiking.
All these form a perfect recipe for more uncertainty and volatility in the short term.
That’s why the smart move right now is to equip yourself with a strategy that can play the market both ways…
Whether the current consolidation phase resolves higher – or lower.
And that’s why in just a few hours at 11 a.m. Eastern today…
I’m going LIVE to walk you through a strategy that could have delivered a multiple triple-digit gain during the painful April tariff selloff…
And also recommended even more winning trades as the markets rebounded.
It’s the perfect strategy for playing this uncertain phase of the market.
I’ll walk you through the entire thing live later this morning.
So click here to guarantee your seat for my live breakdown if you haven’t yet…
And I’ll see you in just a bit at 11 a.m. ET sharp.
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
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Editor, Stock Surge Daily
