Home » Leaders, Laggards, and New Record Highs

Leaders, Laggards, and New Record Highs

Published January 25, 2024

Hey, Ross here:

Yesterday’s close marked the fourth consecutive day the S&P 500 closed at a record high.

That hasn’t happened since November 2021 – and we all remember what happened after.

But I’m not worried about a repeat of the 2022 bear market. Today’s chart helps explain why.

Chart of the Day

This chart looks at the S&P 500 dating back to 1950, highlighting the all-time highs in green.

Two important observations here.

One, new all-time highs are not rare – they’re exceedingly common. Over 40% of the time, the S&P 500 is at a new all-time high.

Second, new all-time highs are often followed by more new all-time highs – not a crash. In fact, the data shows that returns following new all-time highs are higher than average.

Add the fact that the Fed is planning on cutting rates – not raising them – and it’s highly unlikely we’ll see a repeat of 2022.

And that leads us to the Insight of the Day – why I’m generally unconcerned with the tired mantra of “buying low and selling high”.

Insight of the Day

Getting fixated on “buying low and selling high” will rob you of opportunities.

Everyone wants to buy low and sell high. Nothing wrong with that.

Too often though, traders get so fixated on buying low and selling high that they’re afraid of buying any stock that’s at a new high.

But as today’s chart shows, new all-time highs often follow all-time highs – and the same tends to apply for individual stocks.

It’s perfectly ok to buy high and sell higher.

In fact, it’s actually a higher percentage strategy than trying to pick out “cheap” stocks that could soar.

That’s why I preach focusing on the market leaders so much.

Yes, by their very definition, you won’t be able to buy these market leaders at lows.

But you can buy them at current highs – right before they surge to hit even higher highs. I do it all the time.

This is what will allow you to target maximum profits even in a market that’s sitting at record highs.

So, if you want to find out the key for doing exactly that…

Then click here to watch my masterclass on this topic right now.

Ross Givens
Editor, Stock Surge Daily

Stocks within Article - Stock Symbols

Market, Stock Charts, Stock Market, Stock Surge Indicators, stocks, Stocks to watch

Even Bill Gates himself has said that generative AI has “peaked” and that the next version of ChatGPT won’t be much better than the current version.

So where will the next wave of AI innovation – and profits – come from?

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.

STOCK SURGE DAILY

With Ross Givens

Looking for an edge? Ross has the inside scoop on top analysis that will help grow your portfolio.. Receive a new stock opportunity every day and get ready to see your investment SURGE!

Tech stocks are rallying – and Ross Givens’ #1 Tech Stock of the Decade has been making BIG moves you don’t want to miss.

Recent Posts

Réjean Roberge

November 28, 2023

I'm a new member of 'Insider Effect' and sent a support email and was responded to within minutes. It starts very well.

Philippe Rocher

I'm happy I recently opted in to the Ross Givens's Trading Club at Traders Agency (at the best and fairest offer I could possibly get). I'm new to trading U.S. stocks and options on a regular basis but it doesn't matter, Ross does all of the hard work for me while I'm trading at my own pace (he knows how to trade successfully most of the time and I know that I won't win every trade. Fair enough). He and his great team share a lot of their trading experience in live sessions. Great job. Thanks a lot!

CB Tudor

November 20, 2023

Excellent, very educative and honest service! Worth every penny and more.

Jay Herpick

November 11, 2023

I've found your buying of stocks and options very helpfull. Just wish I had found you folks five years ago. Your friend, Jay H

Ned Ewing

November 6, 2023

I've been working with Ross Givens and have learned a lot. Support has been very helpful and on top of response times. :)

donald macdonald

October 23, 2023

Great session! Ross explains everything well!

Jim Bowen

October 10, 2023

I started with Ross Givens and Trader's Agency GOLD in September of this year and have had some significant success on all but one of the trades he suggested. I have actually made 157% in profits over what I paid to join Traders Agency within my first 30 days. I am no stock expert and I want to know more about how to invest in the market. Ross's videos and strategy sessions are very insightful, and you can chat during the sessions to get his feedback. He's got all the tools at his disposal and has set up some good algorithms in order to help one understand the chaos and fundamentals to watch for in order to make a good investing decision. I have had other investment "helpers" that never yielded what I have within such a limited amount of time. I think Ross, and his team, is the "Real Deal"

Andrew O'Boyle

September 20, 2023

I have been a member of Traders Agency for 3 months. Ross is the real deal! I could not be happier with my results! Thank you Ross and the Traders Agency Team! I found my passion :)

Philip McElroy

September 14, 2023

World Class customer service and I would am really qualified to make this statement.