STOCK SURGE DAILY
with Ross Givens
Home » Path of Least Resistance Still Lower

Path of Least Resistance Still Lower

The market has been especially volatile since the release of the latest consumer price index (CPI) number last week.

The S&P 500 and Nasdaq 100 both hit new 52-week lows last Thursday immediately after the announcement, only to rally into the end of the day.

And once again, I heard many folks proclaiming that the bottom is in for this market.

However, it doesn’t take a rocket scientist to see that the path of least resistance is still to the downside…

Don’t Fight the Trend

In a market like this, you don’t want to make things harder than they have to be…

You see, the S&P 500 just made a new two-year low last Thursday following the release of the CPI report.

Sure, the market had a nice intraday reversal, but it has barely recovered any of its latest downside move.

Daily Chart of S&P 500 Index— Source: TradingView

You can also see in the chart below that the market continues to make lower highs and lower lows, which is a classic sign of a bear market…

Daily Chart of S&P 500 Index— Source: TradingView

The index is also below its down trending 21-day exponential moving average (EMA) as well as its down trending 50- and 200-day moving averages…

2015-2016 Daily Chart of SPDR S&P 500 ETF Trust (SPY)— Source: TradingView

So far, we just have not seen a serious rally in the market that I can get behind.

Stick to the Plan

I’m not going to try to time the low in the market. I understand that I’m not going to buy the low tick or sell the high tick.

Instead, I am sticking to my time-tested game plan…

I will simply look to buy stocks in an up trending market and short stocks in a down trending market.

I’ll happily sit out during the first 5%-10% of the next rally to make sure the market is in a confirmed up trend before I buy.

But right now, with what I’m seeing, I am looking for short opportunities on any signs of strength.

Insiders Lead the Way

Now, when the next bull market gets under way, one thing I’ll be looking for is heavy insider buying by corporate insiders who know the real worth of their companies.

Consider this… When corporate insiders like CEOs, CFOs, executives and board members put down their own hard-earned money to buy shares of their own companies, it’s a huge vote of confidence.

After all, these folks have a footing of knowledge about their companies that Main Street investors simply do not.

I will be talking more about how I use stocks and options to profit from corporate insider activity in my LIVE presentation TODAY at 10 a.m. ET.

It’s absolutely free to attend, so I really hope you’ll check it out.

I’ll cover my strategy for trading alongside corporate insiders and generating potentially massive gains with less risk.

Just click here to register for this special Insider Effect LIVE session now!

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

  • Stocks within Article - SPX

Brand New Strategy for Profiting from AI Stocks.

There’s a brand-new strategy in 2024 for going after big profits in AI stocks. It has nothing to do with Nvidia, Microsoft, Meta – or any of the big AI stocks the media can’t stop talking about.

It has to do with a fast-moving “backdoor” that has opened in the AI market... A backdoor that could send a very special class of AI stocks rocketing into the stratosphere.

Ross Givens
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.

Whats in the Article

Recent Posts

As Seen On

1
2
Trustpilot
Stock Surge Daily

Join our daily newsletter and get notified daily on the next stock surge with Ross Givens

THIS MATERIAL IS OFFERED FOR EDUCATIONAL AND GENERAL INFORMATIONAL PURPOSES ONLY. NO INVESTMENT ADVICE OFFERED.

This is an advertisement for online information courses, workshops, classes and other educational programs relating to finance and investing. It is not an advertisement for investment advice. Pursuant to FTC regulations and federal law, Traders Agency, LLC intends for the information in this advertisement to be truthful and not misleading. Accordingly, any and all readers of this advertisement (this means you) are fully informed that none of the information, material, or courses that Traders Agency, LLC offers constitute investment advice as defined by the SEC and by federal law. These materials do not take into account a subscriber’s (this means your) particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation (this means to you) for the purchase or sale of any security or investment strategy.

Under SEC regulations and federal law, the purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a registered/licensed industry representative such as, but not limited to, a registered investment advisor. It is very important todo your own analysis before making any investment based on your own personal circumstances.

Investing involves substantial risk and results are not guaranteed.

Neither Traders Agency, LLC nor its principals or affiliates are registered investment, legal, or tax advisors or broker/dealers.

Traders Agency, LLC is not registered with the SEC or licensed as an investment adviser. We do not offer investment or financial advice. Individual subscribers (this means you) are solely responsible for confirming the accuracy and appropriateness of the provided information for their own uses with their personal tax, finance, or legal advisor.

INVESTING INVOLVES RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. RESULTS ARE NOT GUARANTEED.