Hey, Ross here:
Welcome to a brand new trading week. Last week was a good one for stocks, leading many to ask – will we see this continue to play out? Here’s some evidence pointing towards “yes”.
Chart of the Day
As you can see from the chart, the downtrend that had become all too obvious was breached, and the index found support at the moving averages.
Beneath the surface, things look positive as well.
The Nasdaq index has seen more stocks making new highs than new lows for 15 straight days – the longest streak since August.
73% of stocks now trade above their 50-day moving average – a proxy I use to determine the short-term trend of stocks. And 55% trade above their long-term 200-day moving average.
Combine these with the Breakaway Momentum signal we got on January 12, and it leads me to the conclusion that we are in fact at the beginning of a new bull market.
Insight of the Day
It will always be easier to make money during certain periods than others. Capitalize on those times.
As traders we can make money both when the markets are moving up and when they’re moving down. I’ve shown as much on this very newsletter.
But it’s also undeniable that there are certain periods where it’s just far easier to make money – periods where there are just many more potential opportunities to capitalize on
The beginning of a new bull market is one such period. My advice? Don’t let this opportunity slip you by. New bull markets usually only happen once every few years.
And if you want to give yourself the best chance of capitalizing on all the opportunities sprouting up right now – then make sure you check this strategy out. By using it to “stack” your wins, you could have literally grown a small starting stake by more than 100x. And that’s including losses.
Embrace the surge,
Editor, Stock Surge Daily
P.S. I’m holding a very special LIVE session tomorrow at 12 p.m. Eastern to unveil the biggest stock breakthrough of my career. It all has to do with a stock pattern that could be the highest-performing in the world.
You don’t want to miss it – not in this new bull market. Make sure you click here to save your seat for my presentation tomorrow, where I’ll show you exactly how to put this pattern to work in your own trading. See you there.