Hey, Ross here:
The Fed starts its meeting today. They’ll most likely keep rates steady.
But when Powell flaps his lips tomorrow during the post-meeting press conference, markets will move.
No matter what he says though, remember that there’s still strength lurking beneath the surface.
Chart of the Day
The top part of this chart shows the Nasdaq.
The bottom part is the number of stocks making new highs (the green bars) versus the number of stocks making new lows (the red bars).
The first white rectangle shows the April pullback this year.
The Nasdaq fell about 7%, and as you can see from the bottom part, there were many more new lows compared to new highs.
Now look at what’s happening in the second white rectangle.
The Nasdaq has fallen more than 7%…
And yet, the number of new highs far outnumber the number of new lows!
As I said, there’s still strength lurking beneath the surface.
Combine this with Powell speaking tomorrow, and that’s an opportunity we can exploit.
Insight of the Day
The volatility created by the Fed meeting will “disguise” the strength beneath the surface even more.
I’ve been talking about how the drop in the popular mega-cap tech stocks has been disguising the broad strength in the market, as seen in the small-cap rotation.
Well, throw in the Fed meeting – where Powell will flap his lips and likely cause volatility to spike…
And most traders will further ignore the growing strength beneath the surface.
This volatility is a “double whammy” opportunity for us to position ourselves at potentially better prices…
But we must act before the Fed does.
That’s why later this morning at 11 a.m. Eastern…
I’m going LIVE for a masterclass that will show you how to strategically position yourself to take advantage of both the small-cap rotation and the Fed meeting…
By using my “buying pressure” indicator to sniff out the stocks that could be about to see a wave of institutional buying come flooding in.
One stock this indicator pinpointed in end-May took off by 135% just a couple months later…
But with the rotation ramping up – plus the Fed meeting – I believe this is just the tip of the iceberg.
So, if you haven’t already, please click here to guarantee your slot for my live masterclass later…
And get ready to discover:
- How to detect when buying pressure is building up in a specific stock…
- Why most traders are blind to this buildup of pressure (and miss out on big gains)…
- And how to use my “PSI Gauge” to determine the exact point to jump into one of these “pressurized” stocks for maximum gains.
Don’t wait for the Fed to act.
See you at 11 a.m. ET later today.
The login details should be in your inbox shortly – try to login early if you can.
Customer Story of the Day
“Hi, guided by you Ross I’m learning as I embark in this new journey of knowledge but the more I read the more I learn about you and you seem to be the right guide for me at least that’s how I feel and usually I go by what my gut tells…. me too much info…..Lol.
Thank you so much. I hope to hear you sooner than later”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
