Keep Targeting the Market Leaders

Hey, it’s Ross Givens here with the Chart of the Day. Unlocking the potential of the biotech sector, the chart reveals a breakout, soaring to new 52-week highs. As I’ve consistently flagged biotech as a leading force in this new bull market, this chart stands as further validation. In today’s Insight of the Day, I delve into the strategic lesson to be gleaned from this robust breakout, unraveling the nuances that can guide savvy investors in navigating the dynamic landscape of the biotech sector and capitalizing on emerging opportunities.

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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 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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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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Here’s Why This Rally Can Keep Going

It’s Ross Givens here, with Chart of the Day. Diving into Bank of America’s global fund manager survey, the pendulum of institutional sentiment has swung dramatically. From the lows marked by Silicon Valley Bank’s collapse in March to now, sentiment is at its highest since January 2022. Although the surge is notable, it’s crucial to note that these readings still have room to climb. In today’s Insight of the Day, I decode the nuances behind this sentiment shift, unveiling why the current levels, despite the increase, may hold strategic advantages for investors.

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Strong Legs on This Bull

It’s Ross Givens here, with Chart of the Day. arely 50 days ago, the small-cap Russell 2000 index scraped a 52-week low. Fast forward to yesterday, and it triumphantly closed at a 52-week high, accentuated by a significant ‘gap up’ in price action—a telltale sign of robust momentum. Small-cap stocks are orchestrating significant moves, ones you certainly wouldn’t want to overlook. Join me as we dissect the dynamic shifts in the small-cap arena and explore the exciting opportunities unfolding in this market surge.

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The Fed “Rate Cut” Rally Has Already Begun

It’s Ross Givens here, with Chart of the Day. As the Dow hits a historic high and the S&P 500 approaches its peak, we find ourselves in an excellent position. The NASDAQ has surged to levels unseen since January 2022, while US 10-year Treasury yields teeter on the brink of falling below 4%. The Federal Reserve’s announcement of a potential three-rate cut in 2024 adds a promising layer to the market landscape. However, there’s a crucial caveat—timing is paramount. In today’s Insight of the Day, I unravel the significance of swift action and delve into the strategic nuances of capitalizing on this favorable market scenario.

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Trillions Waiting to Fuel the Next Rally

It’s Ross Givens here, with Chart of the Day. Six weeks of consecutive wins for the S&P 500, breaking through the 4,600 resistance, and a robust 74% of stocks trading above their 50-day moving average signal a thriving market. Notably, Bitcoin’s strong gains and breakout from consolidation further emphasize a shifting market mood towards ‘risk on.’ As someone who simply follows the market’s cues for opportunities, the current climate decidedly leans against bearish sentiments.

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Ready for a December Small-Cap Surge?

It’s Ross Givens here, with Chart of the Day. Unlocking the mystery of the stagnant small-cap Russell 2000 index, trapped in an 18-month range, I delve into the intriguing dynamics that left it sidelined during this year’s market surge. Mega-cap stocks like Apple and Amazon hogged the spotlight as investors, haunted by the past, sought safety in familiar names. Yet, the overlooked small-cap arena holds vast potential, with ground to recover. I’m witnessing a subtle shift towards small and medium-sized stocks, hinting at an impending resurgence.

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