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Buyers Prepared to Step In

Published April 29, 2025

Hey, Ross here:

Most indexes closed just slightly higher yesterday – a tame day compared to the price action we saw last week.

But if we zoom in on the daily chart, we see something interesting.

Chart of the Day

This is how the S&P 500 index moved yesterday.

As you can see, after a strong open, it got immediately hit by a wave of selling – which sent it below the 5,500 resistance/support level.

But after midday, things started to reverse.

We saw a wave of buyers stepping in to bring the index back over this mark – and enabling it to close higher for the day.

This is what I like to see in a recovery – buyers stepping in to defend key price levels.

Insight of the Day

Breakouts need buyers to sustain momentum – and the data tells me the buyers are there.

Now, don’t get me wrong.

New highs in the indexes are still likely quite far off.

And we likely won’t see the same “buy no matter what” sentiment until that happens.

But the price action tells me that there are plenty of “willing and ready” buyers on the sidelines ready to pounce at select opportunities.

This means that when breakouts happen in individual stocks, there will be buyers who can step in and keep the momentum going.

Of course, we want to position ourselves in these breakout stocks before these buyers come rushing in.

That’s why in just a few hours later morning at 11 a.m. Eastern…

I’m going LIVE to show you how to detect these breakout stocks using my buying “pressure gauge”.

This “pressure gauge” has detected moves of 77% in 3 weeks, 87% in 24 hours, and 136% in just four weeks…

But with the recovery still in the early stages, gains like these could just be the beginning.

So click here to guarantee your seat at my live demo if you haven’t yet…

And I’ll see you later this morning at 11 a.m. ET.

Don’t let these breakouts pass you by.

See you in a few hours.

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Ross Givens
Editor, Stock Surge Daily

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Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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