Hey, Ross here:
Welcome to a new trading week.
Let’s start the day with an interesting perspective on the technology sector.
Chart of the Day
This is RSPT – the S&P 500 Equal Weight Technology Sector ETF.
Basically, it’s the aggregate performance of every tech stock in the S&P 500 – if they were all treated as if they had equal market caps.
Think of the RSPT as a gauge of how well tech stocks as a whole – not just the mega-caps – are doing.
Well, last Thursday, the RSPT hit a new all-time high.
And while it pulled back a bit on Friday, the message is clear…
There’s a lot of momentum in tech stocks.
And since tech has been a leading sector in most bull markets for the past few decades, this is a great sign of a healthy bull market.
Insight of the Day
The greater the momentum, the greater the buying pressure.
In physics, pressure and momentum are two completely separate concepts.
In the stock market, they’re both closely related.
In the markets, momentum is what you get when the buying pressure builds and builds – until it explodes.
Buying pressure is what leads to momentum…
Meaning where there’s strong momentum, there’s high buying pressure.
And where there’s high buying pressure, there are fast-moving opportunities available to exploit.
That’s why tomorrow morning at 11 a.m. Eastern…
I’m going LIVE to reveal my strategy for spotting these rapid setups.
Last Wednesday, this strategy spotted an opportunity in a fintech stock…
Which popped by 43% overnight.
But with the momentum and buying pressure building – gains like these could just be the start.
So click here now to secure your seat for my live training session…
And I’ll see you at 11 a.m. ET tomorrow morning.
Customer Story of the Day
“I followed Ross for approximately six months before joining. In those six months, I honestly could have doubled if not tripled my money invested in stocks, not including what I could have banked with options.
Ross, as well as his staff, are pleasant and convenient regarding communication, but most important, they are knowledgeable and experienced. They have educated me that the little guy can still profit with guidance and education.
I’m a member of two platforms (Insiders and Fire) looking at a third (Alpha). T.A. is definitely worth the investment, as I am continually capitalizing on their recommendations on entry and exit.
I recommend you follow and see if you could come close to the detailed analysis these platforms provide.”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
