Hey, Ross here:
Let’s start the day with an interesting chart that shows an uncanny resemblance between the market movements of 2021 and this year.
Chart of the Day
Now, this certainly isn’t as predictive as the tried-and-tested chart patterns are – and 2021 was a different time than 2023 – but it’s still interesting.
If the market continues to follow the path it did in 2021, then we’re about to enter a nice rally…
Which is what I’ve been saying for the past couple weeks.
And with the markets on a four-day win streak despite all the turmoil, I’d say the rally has already started.
So the only question is – are you going to participate?
Insight of the Day
Momentum doesn’t just apply to stock prices – but to market sentiment as well.
We all know the momentum effect is very real and very significant when it comes to stock prices.
But the same thing applies to market sentiment as well.
As sentiment starts switching from negative to positive (which is what’s happening now)…
It starts gathering momentum and can flip from fear to greed faster than most people expect.
Of course, it often goes too far in the other direction – which is why the market naturally moves in cycles.
But the point is, the market can go from falling to surging in the blink of an eye…
And if you know what you’re doing, you can make a nice profit when the market flips.
The big institutional investors are the ones driving this market shift…
And if you know how to spot their market movements, you could get in alongside them in individual stocks – and ride the wave to the top.
When I was working with them during my time on Wall Street, I developed a strategy for doing this – even when they were doing their best to cover their tracks.
But don’t wait too long…
Because the biggest gains always come at the beginning of a new rally – and you don’t want to miss out.
Embrace the surge,
Editor, Stock Surge Daily