Hey, Ross here:
Welcome to a new trading week.
I’ve said the low is likely already in, but the market will still be choppy.
And that choppiness is why fear is still so elevated.
Chart of the Day
The top part of this chart is the S&P 500.
The bottom part shows the number of consecutive weeks that over 50% of respondents to the weekly market sentiment survey by the AAII (American Association of Individual Investors) were bearish.
For the past 8 weeks, over 50% of AAII respondents have been bearish.
Since the survey began in 1987, this is completely unprecedented.
The Dot-Com Crash, the Global Financial Crisis, Covid – we’ve never seen this level of sustained bearish sentiment among retail investors.
The implications of this? I expand on them in the Insight of the Day below.
Insight of the Day
These levels of sustained fear are even more evidence that the bottom is already in.
Sure, the market has taken a beating these past couple months.
But to say that things are worse than the Dot Com Crash and the Global Financial Crisis is absurd.
To put things in perspective, the Nasdaq fell 77% from its peak in the Dot Com Crash.
As of last Friday’s close, the Nasdaq is down just under 20% from its peak – technically not even bear market territory.
In short, it seems clear that this level of bearish retail sentiment is out of sync with the market’s reality…
Which usually points toward the bottom having already passed in the market.
And what happens after a bottom? Breakouts.
You want to target these breakouts while they’re still in the earliest stages, when their profit potential is at maximum.
That’s why tomorrow morning at 11 a.m. Eastern…
I’m going LIVE to show you exactly how to do that…
Using a setup that has helped track down a 136% move in Marathon Digital… a 54% breakout in Dream Finders Homes… and a massive 87% on Nikola in just 24 hours – when virtually EVERYONE had written the stock off as dead in the water.
But with how early we could get in on some of these breakouts I’m seeing…
Gains like these could just be the start.
So click here to secure your spot for my live demo tomorrow…
And I’ll see you Tuesday morning at 11 a.m. ET.
Don’t wait for the fear to subside – act now.
Customer Story of the Day
“Traders Agency is awesome.
I have motored through multiple online high-brow investment people with their proprietary methods and none match the insight, supportive instruction and explanations of the vagaries of stock trading as I find with Ross Givens.”
Ross Givens
Editor, Stock Surge Daily
