Hey, Ross here:
Welcome to a new trading week.
We just saw a powerful breadth thrust that bodes well for the ongoing recovery.
Chart of the Day
This is the percentage of stocks trading above their 50-day moving averages – a sign of medium-term direction.
At the start of last week, just over 30% of stocks were trading above their 50-day moving averages.
By the end of the week though, that number surged to over 40%.
It’s now back to levels seen in February.
This is a clear breadth breakout.
I explain the implications below.
Insight of the Day
Breadth breakouts like this create a target-rich environment for fast returns.
Now don’t get me wrong.
We’re still quite far from new highs…
Volatility will still be elevated…
And the percentage of stocks trading above their 200-day moving averages – a sign of longer-term market health – isn’t quite where I want it to be in a healthy bull market.
But when we see a shorter-term breadth breakout like this, it creates a target-rich environment for quick gains that is simply too good to ignore.
That’s why tomorrow, Tuesday morning, at 11 a.m. Eastern…
I’m going LIVE to show you an old-school strategy that’s perfect for a breadth breakout like this one.
This strategy has helped our members find 2X, 3X, even 4X and higher stock opportunities through both bull and bear markets…
But given the breadth breakout we just witnessed, gains like these could just be the start..
So click here to save your seat for my live training session tomorrow…
And I’ll explain everything to you tomorrow at 11 a.m. ET.
Customer Story of the Day
“This is the first time I have found a service that takes the time to properly teach you how to trade. Ross and his crew do a fantastic job and I appreciate it!!”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
