Hey, Ross here:
Markets continue rising…
And as is always the case in strong rallies, the bears start chattering about things getting “overbought”.
But here’s an important rule about the markets – strength begets strength.
Chart of the Day
Right now, close to 60% of the S&P 500 components have made 20-day highs, which is a sign of short-term strength.
But as the data above shows, short-term strength – especially of the magnitude we’ve just seen lately…
Tends to lead medium and even longer-term strength.
Of course, there will be pullbacks along the way – so don’t be surprised if that happens.
But unless we get more wildcard tariff moves…
The odds tell me this strength is likely to continue.
Plus, as I explain below…
There are still too many bears left in the market.
Insight of the Day
The more bears left in the market, the more room there is for the rally to run.
Most bears aren’t “permabears” (you know the ones I’m talking about).
They’re just ordinary traders who can and do flip back and forth between bullish and bearish.
And that means, the more bears left in the market…
The more room there is for the rally to run as they flip back bullish.
In fact, rallies tend to fizzle out at moments of peak bullishness – when there are no more bulls left to keep it going.
That’s not the case right now.
As you can see, as of a couple days ago, 44% of AAII members are still bearish.
Sentiment has clearly improved – but there are still plenty of bears left…
And that means plenty of opportunity left in this rally.
That’s why in just a few hours this morning, at 11 a.m. Eastern…
I’m going LIVE for a training session to reveal the powerful breakout formula that’s sniffed out moves of 51% in 15 days, 77% in three weeks and even 87% in just 24 hours…
This formula will allow you to fully capitalize on this rally while it’s still there – so don’t miss it.
Click here to lock in your spot for my live session if you haven’t already…
And I’ll see you in a bit at 11 a.m. ET.
Customer Story of the Day
“These people are the best; they have their finger on customer support. They handled my request before I was a member.
And they make me a ton of money, a ton.”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
