The Market Scorecard for April
Hey, Ross Givens here! The Nasdaq has clawed its way back from a 12% drop post–Liberation Day to now trading nearly 1% above its March close. It’s also reclaimed key short-term levels and breadth is improving fast. That tells me this recovery has real strength—and the worst may be behind us. But with that optimism comes a key warning I don’t want you to miss. I explain more in today’s Insight.
Skeptical of the Market Recovery?
Hey, Ross Givens here! Nearly half of consumers now expect stock prices to be lower a year from now—the highest level of pessimism since 2011. But I see this kind of extreme bearish sentiment as a bullish signal. Retail investors tend to get it wrong at major turning points, and this data tells me we may have already seen the bottom. In today’s Insight, I break down why this matters—and how I’m thinking about the path forward.
Buyers Prepared to Step In
Hey, Ross Givens here! Yesterday’s market action gave us exactly the kind of signal I want to see in a true recovery. After a strong open and sharp selloff that pushed the S&P 500 below the key 5,500 level, buyers stepped in and drove the index back above it by the close. That tells me there’s real support underneath this market. In today’s Insight, I break down what this means—and how I’m positioning around it.
Back to Buying Season
Hey, Ross Givens here! Last week, the NYSE triggered a Zweig Breadth Thrust—a rare signal that historically points to strong market rallies ahead. We’re also finally seeing the first signs of net new highs since February, which adds even more weight to the bullish case. Of course, nothing is guaranteed, especially with political uncertainty still swirling. But from a breadth perspective, I like what I’m seeing. In today’s Insight, I break down where we are in the buying cycle—and how I’m approaching it.
The Must-Have Mindset in the Current Market
Hey, Ross Givens here! The 5,500 level on the S&P 500 played a key role this year—first as support, now as resistance. A strong breakout here would be a big deal, but we can’t assume the market will move in a straight line. Volatility and policy uncertainty are still in play, and that means we need the right mindset to navigate what’s next. In today’s Insight, I break down how I’m approaching this market and the mental framework I’m using to stay one step ahead.
We Need to Break Through This Level First
Hey, Ross Givens here! Since the big surge on April 9, the Nasdaq Composite has been trapped inside that day’s trading range—never breaking lower, but never pushing higher either. For real momentum, we need a clear breakout above that upper boundary. In the meantime, long setups exist, but we must be selective and not bank on broad market strength—at least not yet. The silver lining? This time of year brings its own seasonal tailwinds that can fuel gains even without explosive market breaks. I explain how to leverage them in today’s Insight.
More Evidence the Worst is Behind Us
Hey, Ross Givens here! We just saw another massive breadth day—nearly 90% of stocks closed higher. That’s the second time in two weeks we’ve seen that kind of strength, and historically, these rare days tend to show up near market turning points. It doesn’t guarantee a rally… but it definitely stacks the odds in our favor. The key now? Knowing how to lean in without getting whipsawed. I break it down in today’s Insight.
There are Always Stocks Making New Highs
Hey, Ross Givens here! Even in the worst markets, some stocks break out. Today’s chart shows how—despite all the fear and volatility—we’re still seeing a steady stream of new highs on the NYSE. Not many, but enough to matter. The key isn’t just spotting those breakouts… it’s positioning before they happen. That’s where the real edge is. I explain how I’m approaching it in today’s Insight.
What Comes After the Market Bottom
Hey, Ross Givens here! I’ve seen some wild sentiment readings over the years—but this one takes the cake. For eight straight weeks, more than half of AAII survey respondents have been bearish. That’s never happened—not during the Dot-Com Crash, the Financial Crisis, or even Covid. The S&P 500 might not reflect it yet, but retail investors are in full panic mode. What does that kind of extreme fear usually signal? I break it down in today’s Insight.
I Warned You It Would be Choppy
Hey, Ross Givens here! Analysts are slashing earnings estimates left and right—and with all the tariff uncertainty, I wouldn’t be surprised if that continues. But here’s the thing: markets usually bottom before earnings or GDP recover. That means if you wait for clear skies, you’ll miss the move. We’re still in a volatile stretch, and I don’t expect new highs soon… but smart positioning starts before the headlines turn. I explain more in today’s Insight.
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