Hey, Ross here:
The S&P 500 hasn’t made a new high in over one-and-a-half months.
But for many stocks within the index…
It’s a completely different story.
Let’s take a look.
Chart of the Day
This chart shows the percentage of S&P 500 stocks that have made a new 52-week high since March 30 (the bottom of the correction we saw earlier this year).
As you can see…
Since then 46.1% of S&P 500 stocks have made a new 1-year high…
And if you look closer at the chart at the blue arrow at the bottom…
The start of the blue arrow is when the S&P 500 last made a new high.
Since then, the index itself has been chopping sideways for nearly two months.
But the percentage of stocks hitting new 52-week highs have only continued to increase.
What does this mean?
I explain in the Insight of the Day below.
Insight of the Day
More stocks than ever are breaking out amid the chop
Most financial news media is clickbait, and they mostly only push one of two extremes.
Either it’s doom-and-gloom “the sky is falling” narratives…
Or the polar opposite – the pollyanna “nothing can ever go wrong” stories.
Both are false.
When I look at the data objectively, it tells me that there are real points of concern with this market.
But on balance…
The evidence suggests we should still remain bullish.
Today’s chart is another data point supporting that view.
More stocks than ever are breaking out.
What I showed you today are just the large-cap stocks in the S&P 500.
There are thousands of smaller stocks that could be preparing to follow suit.
And later this afternoon at 3 p.m. Eastern…
I’m hosting a special LIVE training session to show you an old-school strategy for targeting these explosive breakouts.
This strategy has helped our members find 2X, 3X, even 4X and higher stock opportunities in some of the choppiest conditions possible.
But with the number of breakouts increasing…
These kinds of opportunities could just be the start.
So click here to guarantee your free spot if you haven’t yet…
And get ready to watch me break down this strategy live.
I’ll also share the complete details on a stock I’m targeting right now…
So don’t miss it.
See you at 3 p.m. ET today.
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
Android: https://play.google.com/store/search?q=goto&c=apps
Customer Story of the Day
“★★★★★
I’ve had a great experience with Ross Givens and Traders Agency.
Ross does an excellent job of breaking down complex market concepts into easy-to-understand lessons, making it valuable for both new and experienced traders.
The educational content, market insights, and trade ideas are well-researched, and the customer support team has always been responsive and professional.
I appreciate the focus on teaching the “why” behind each strategy rather than just giving alerts.
If you’re looking to improve your trading knowledge and confidence, I highly recommend giving Traders Agency a try.”
Ross Givens
Editor, Stock Surge Daily
