The Market is Still Healthy (Don’t Waste Your Chance)

Hey, it’s Ross Givens here with the Chart of the Day. As we ride the waves of market dynamics, a notable shift has unfolded. At the close of December, a staggering 86% of stocks were trading above their 50-day moving average—the highest in 2023. Despite a predictable dip following last week’s pullback, the current standing at 79% surpasses levels seen during the market’s previous peak in July. This resilient figure signals a healthy market, irrespective of the ongoing pullback. In today’s Insight of the Day, I unravel the strategic implications of this robust market condition and share why it’s still an opportune time to pursue the leading stocks in the market.

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The Process for Finding High Returns

Hey, it’s Ross Givens here with the Chart of the Day. Unlocking the secrets of the small-cap Russell 2000 index, I present a compelling chart overlaying a classic ‘Wyckoff Accumulation’ pattern. This time-tested strategy involves strategic accumulation by likely institutional investors, forming a base before triggering a potent breakout move. A pattern revered by the best traders for decades, I’ve witnessed its success repeatedly.

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The Truth About This Market Pullback

Hey, it’s Ross Givens here with the Chart of the Day. Unlocking the secrets of the small-cap Russell 2000 index, I present a compelling chart overlaying a classic ‘Wyckoff Accumulation’ pattern. This time-tested strategy involves strategic accumulation by likely institutional investors, forming a base before triggering a potent breakout move. A pattern revered by the best traders for decades, I’ve witnessed its success repeatedly.

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Critical Market Misconception

Hey, it’s Ross Givens here with the Chart of the Day. Last Friday, on the cusp of 2023’s close, I shared a revealing chart of Interactive Brokers (IBKR) with my premium members. Despite the initial downturn in the first two trading days of 2024, IBKR defied the trend by breaking past a crucial resistance level. Now hovering near $87, this move underscores the power of individual stocks to defy broader market trends.

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The Mainstream Media is Yanking Your Chain

Hey, it’s Ross Givens here with the Chart of the Day. Delving into the fascinating world of market data, an intriguing pattern emerges from the Nasdaq’s historical performance. Over the last 50 years, on 8 occasions where the Nasdaq followed a double-digit year with a +0.5% loss on the opening day of the next year, an interesting trend unfolded. In each case, the following week proved positive. Notably, the cases with the largest first-day drops yielded the biggest gains over the subsequent week. Far from signaling a cause for concern, a significant drop on the first day of the trading year after a winning year appears to be a harbinger of even more gains ahead.

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The Market is Now in a Rare “Sweet Spot”

It’s Ross Givens here, with Chart of the Day. Entering 2024 with the wind at our backs. As history echoes this year’s double-digit market surge in the final two months, optimism prevails. Brace for a January and first-quarter boom, setting the stage for a promising year ahead. In my journey to navigate these gains, join me in unlocking the potential for a prosperous 2024. Together, let’s seize the opportunities ahead and make the most of the abundant gains on the horizon.

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This is Great News for the 2024 Market

It’s Ross Givens here, with Chart of the Day. Entering 2024 with the wind at our backs. As history echoes this year’s double-digit market surge in the final two months, optimism prevails. Brace for a January and first-quarter boom, setting the stage for a promising year ahead. In my journey to navigate these gains, join me in unlocking the potential for a prosperous 2024. Together, let’s seize the opportunities ahead and make the most of the abundant gains on the horizon.

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The Truth About the Blistering Small-Cap Rally

It’s Ross Givens here, with Chart of the Day. From November’s onset to yesterday’s close, the Russell 2000 surged an impressive 24.3%, marking its fourth-largest two-month gain in half a century. Amidst this rally, I see untapped potential for small-caps. With declining interest rates driving increased capital expenditures and a potential resurgence in consumer demand due to falling mortgage rates and inflation, the small-cap momentum might just be starting. But don’t expect a one-way trajectory – join me in today’s Insight to discover why I’m cautious about blindly riding the small-cap wave.

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Chart Predicts Big Market Rally for 2024?

It’s Ross Givens here, with Chart of the Day. Unravel the crucial distinction between market leaders and industry leaders with me. While some 2023 market leaders align with industry dominance, others don’t. The perilous confusion between the two could be costly. Big Tech giants were both in 2023, yet maintaining their market leadership is uncertain. As 2024 approaches, I observe traders clinging to outdated leaders, unaware that small-cap stocks are poised for prominence. Join me in positioning for success with a live masterclass at 4 p.m. Eastern. Discover how historical traders thrived, ensuring your actions now set the stage for a stellar 2024. Save your seat here for a prosperous future. Clear your schedule and anticipate login details in your inbox. See you soon.

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The Bull Market Marches On (Proof Inside)

It’s Ross Givens here, with Chart of the Day. Dive into the pulse of the market with me as we decode the chart revealing over 80% of stocks soaring above their short and medium-term averages. A robust bull market scenario unfolds, with almost 65% of stocks positioned confidently above their 200-day moving average. In this exclusive sneak peek, I unveil the strategy that echoes market vitality: buy on pullbacks, not sell. Uncover the rationale behind this approach as we dissect the recent pivotal moment in the market – the sharp downturn on Wednesday. Stay ahead in the game with these insights.

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