Home » Is Bullish Momentum Fading? (The Truth)

Is Bullish Momentum Fading? (The Truth)

Published June 13, 2024

Hey, Ross here:

Even though Powell threw cold water over the prospect of more than one rate cut this year, markets surged.

This is a good thing.

Chart of the Day

This is the number of net new highs over lows made by stocks in the Russell 3000 Index – which represents over 95% of the U.S. investable stock universe – over the one, three, six, and 12-month time frames.

And as you can see, for all those time frames, there have been many more new highs over new lows.

Plus, the more recent the time frame, the bigger the number of net new highs there have been – suggesting that bullish momentum has only been increasing.

Don’t let the bears sway you. Keep playing the bull market.

Insight of the Day

When the market speaks, you’d better listen.

So many traders are way too stubborn for their own good.

They cling to what they believe the market “should” do – instead of listening to what it’s actually doing.

Case in point – yesterday’s price action.

Powell kept saying inflation was still too sticky to cut rates anytime soon…

And yet, yesterday’s close marked one of the strongest days for the indexes in weeks.

The market is saying it wants to keep going up – and we should listen.

That’s why tomorrow morning at 11 a.m. Eastern…

I’m going LIVE for a masterclass that will show you how to go after the fastest-moving stocks in this roaring bull market…

By using the most powerful chart pattern in trading history, which could have handed you a 21% single-day gain just last week.

In tomorrow morning’s live masterclass, I’ll show you:

How this pattern looks like in individual stocks

The “must-know” rules that will allow you to instantly filter for this pattern

And the exact spot within this pattern you should position yourself for maximum gains

So don’t miss your chance to take maximum advantage of this bull market…

Click here now to save your seat for my live masterclass tomorrow…

And my team will send you the login details before it starts.

Embrace the surge,

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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