Hey, Ross here:
Welcome back.
Last week was the worst week for stocks in 2026.
So for today, let’s look at what could be in store for the rest of the month…
As well as some surprising areas of strength most people are missing.
Chart of the Day
Last Monday, in this very newsletter, I pointed out how the near-term low was likely in – based on the spike in the Put/Call ratio.
Last Thursday and Friday – during the heaviest selling of the week – the Put/Call ratio spiked again…
This time to levels even higher than the week before (as well as higher than the previous market bottom on November 20)…
As well as exceeding the 1x level (meaning there are more puts than calls).
Still, neither the S&P 500 nor the Nasdaq breached the Feb 5 lows (although the Nasdaq came very close)…
Indicating that Feb 5 still could likely be the bottom for the month and act as possible support.
Of course, as I always say – there are no guarantees in the market…
And given the historical path for the second half February…
There’s always a possibility that the worst is yet to come.
I expect market sentiment to push increasingly bearish for the rest of the month.
But that’s not necessarily a bad thing.
I explain why below.
Insight of the Day
During times of increasing bearishness, people tend to miss hidden areas of strength.
There’s been a lot of talk about tech sector weakness this year (including by myself).
And it’s a huge reason why the broader American stock market has been so lackluster this year – with both the S&P 500 and the Nasdaq down year-to-date.
But even within what people tend to define as tech…
There are still hidden areas of strength.
For instance, take a look at semiconductors – it’s up 12.7% this year.
Telecom is even better – up 14.8%.
And yet, all you hear is that tech is going out of favor.
From a certain perspective, that’s true.
But it also ignores the hidden areas of strength…
And that’s the opportunity you want to seize in this choppy market.
P.S. Every week, I go live to break down the market and identify the top stocks in these hidden areas of strength.
And for today only – the LAST day of our President’s Day sale…
You can get access to one full year of these weekly live sessions for just 99 cents.
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Customer Story of the Day
“Traders Agency is the best thing to happen to me.
This team of stock gurus has educated me and helped me start earning money in my portfolio.
Been using the methods that TA teaches for 3 months now and increased my earnings.
Shout out to the Cartier Family for having Ross on their YouTube!
This is not a get rich quick scheme, this is to educate you on how to read the market and make decisions to earn money.
Thank you Ross and team for passing on your knowledge to me.
Looking forward to what the future holds.”
Ross Givens
Editor, Stock Surge Daily
