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Pullback Imminent?

Published December 6, 2023

Hey, Ross here:

Let’s start the day by looking at a chart that shows why a brief market pullback could be imminent…

And why this is actually a (time-sensitive) opportunity for savvy traders.

Chart of the Day

This is the percentage of stocks trading above their 50-day moving average – an indicator of their medium-term direction…

And earlier this week on Monday, this percentage peaked at 75%…

The same level as it was in late July – right before the big market decline.

Now, I don’t believe we’re going to see the same pullback like we did from August to October – not at all.

But as you can see, the percentage of stocks above their 50-day moving average is pulling back slightly.

In the Insight of the Day, I explain a couple factors that could be contributing to this – and why this is actually an opportunity.

Insight of the Day

That’s why I’’m going LIVE tomorrow morning for my weekly session for my Traders War Room members…

Where I’ll be showing them how to hunt for the highest-potential “pullback stocks” – the ones that could surge the most in the subsequent rally – in REAL TIME.

If you want to join tomorrow’s session, it’s still not too late.

Just click here to get all the details on how to be part of my War Room now…

And I’ll even throw in the details of my #1 AI stock completely free.

I hope to see you tomorrow.

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

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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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