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Foundations for the Next Bull Market?

Published November 21, 2023

Hey, Ross here:

The rally continues.

And while the speed of the rally has been relatively muted – beneath the surface, the foundation for a sustained upward move is building.

Chart of the Day

For the rally to lead to a new bull market, we need breadth – aka greater market participation.

It can’t just be a select few mega-cap stocks dragging the indexes up with them. That’s not a real bull market.

But there’s good news.

The chart above shows the percentage of stocks trading above their 50-day moving average – an indication of their medium-term direction.

It’s already reached the point where it was back in early August, before most of the decline started.

This tells me this rally as a whole has legs.

Insight of the Day

The broader the rally, the more opportunities we can target.

A broad rally is one with good participation – i.e., it has a wide “base”. A narrow rally is the opposite.

Based on what I’m seeing, this rally’s base is quickly widening – a good sign…

Because the broader the rally, the more opportunities we can target…

Which can not only increase our win rate, but the size of the returns from each win as well.

It’s a powerful double whammy – so don’t waste this chance.

I’m going LIVE right now to show you my top strategy for filtering all the opportunities out there…

And narrowing them down to a highly select few that puts you on the side of the real “smart money”.

This strategy has never had a losing year – and this year won’t be any different.

So click here to join me in the live room now…

And let’s go get some early turkey.

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

P.S. I’ll be presenting a special pre-Black Friday offer on the live session as well. You don’t want to miss it – so click here to join me live now.

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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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