Hey, Ross here:
We had weak jobs numbers come in yesterday – with more on deck in just a bit.
Bad for the economy…
But good for the chances of a September Fed Rate cut – which is good for stocks.
The S&P 500 closed at a new all-time high, breaking past the psychological 6,500 mark.
And yet, retail is running scared.
Chart of the Day
This shouldn’t be an unfamiliar chart by now.
It’s the weekly AAII (American Association of Individual Investors) sentiment survey.
The bears are once again outnumbering the bulls by double-digit percentage points…
Despite the S&P 500 hitting new highs.
Now, of course, I’m sure a large part of this fear was driven by the big dip on Tuesday.
But here’s what most don’t realize.
On Tuesday, there were still more new highs than new lows. Take a look.
And when there are net new highs, one thing is mathematically certain…
There are more breakouts than there are breakdowns.
In short, breakouts are working.
In fact, they have been for weeks.
As I showed you yesterday, the smart money is currently rotating into lesser-known sectors – like healthcare.
And when there’s a huge gap between what the smart money and the masses are doing…
That’s when you want to strike.
P.S. We’ve received complaints from some of our readers that they’ve missed certain editions of this newsletter. That’s why we created an SMS list where subscribers can get this newsletter straight to their mobile. Just text the word “trade” to 87858 to get on this list.
Insight of the Day
Retail sentiment often lags market action
I’ve said it before but I’ll say it again.
Retail sentiment is often a lagging indicator of market action.
The combination of crowd psychology and media manipulation means that the herd is always doomed to play catch up.
That’s why when retail sentiment is at the highest – we’re often at a near-term top.
And when retail sentiment is at the lowest – we’re often at a bottom instead. This is what happened in April this year, and in November of 2023.
Of course, right now, we’re nowhere near a major pullback.
But based on how bearish retail investors already are – I don’t think we’re near a top either.
In fact, I believe there are great breakout opportunities up for grabs.
Which is why in just a few hours at 11 a.m. Eastern…
I’m going LIVE to show you how to target the exact same breakouts the smart money is targeting…
Using a strategy that’s led to wins of 51% in 15 days… 77% in three weeks… and even 87% in just 24 hours.
I’ll walk you through the whole strategy step-by-step…
Plus, I’ll share details of some fresh opportunities the smart money is piling into right now.
So click here to lock in your seat for my live session if you haven’t already…
And I’ll see you in just a bit at 11 a.m. ET.
Strike with the smart money while retail is running scared.
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.
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Customer Story of the Day
“Ross has been a consistent investment pro, guiding me for the past 2 years.
I’ve made a profit of $21,000 in that time frame.
His live Zoom’s are personal and profitable.
Calls them like he sees them, no BS! I’ve just upgraded to life membership.”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
