It’s Ross Givens here with the Chart of the Day. In a week of flourishing markets, the S&P 500, Nasdaq, and Dow all surged, each securing substantial gains. Notably, small-cap stocks stole the spotlight, with the Russell 2000 soaring 5.4%, marking its best performance in over a year. This rally differs from recent trends, showcasing broad participation rather than reliance on a select few mega-cap stocks. Key indicators, from net new highs to moving averages, paint a bullish picture. As our TA Market Health Gauge gleams bright green, signaling a very bullish environment, I delve deeper into the insights of the week ahead.

It’s Ross Givens here with the Chart of the Day. In a week of flourishing markets, the S&P 500, Nasdaq, and Dow all surged, each securing substantial gains. Notably, small-cap stocks stole the spotlight, with the Russell 2000 soaring 5.4%, marking its best performance in over a year. This rally differs from recent trends, showcasing broad participation rather than reliance on a select few mega-cap stocks. Key indicators, from net new highs to moving averages, paint a bullish picture. As our TA Market Health Gauge gleams bright green, signaling a very bullish environment, I delve deeper into the insights of the week ahead.

It’s Ross Givens here with the Chart of the Day. In a week of flourishing markets, the S&P 500, Nasdaq, and Dow all surged, each securing substantial gains. Notably, small-cap stocks stole the spotlight, with the Russell 2000 soaring 5.4%, marking its best performance in over a year. This rally differs from recent trends, showcasing broad participation rather than reliance on a select few mega-cap stocks. Key indicators, from net new highs to moving averages, paint a bullish picture. As our TA Market Health Gauge gleams bright green, signaling a very bullish environment, I delve deeper into the insights of the week ahead.

It’s Ross Givens here with the Chart of the Day. In a week of flourishing markets, the S&P 500, Nasdaq, and Dow all surged, each securing substantial gains. Notably, small-cap stocks stole the spotlight, with the Russell 2000 soaring 5.4%, marking its best performance in over a year. This rally differs from recent trends, showcasing broad participation rather than reliance on a select few mega-cap stocks. Key indicators, from net new highs to moving averages, paint a bullish picture. As our TA Market Health Gauge gleams bright green, signaling a very bullish environment, I delve deeper into the insights of the week ahead.

It’s Ross Givens, back with the Chart of the Day. Analyzing the S&P 500’s historical performance, especially in years with a robust first-half surge, like the current one, reveals an intriguing pattern. While not an exact match, the current sideways movement mirrors past August to October trends, followed by a robust year-end rally. Daily fluctuations might be unnerving, but take solace in the historical trend favoring sustained growth. The added potential influx of trillions from sidelined money market funds signals a favorable outlook. Despite day-to-day uncertainties, rest assured, the broader historical perspective and market dynamics position us favorably in this ongoing rally.

It’s Ross Givens here with the Chart of the Day. Unveiling the intriguing dynamics of the small-cap Russell 2000 index, I’ve identified not one, but two compelling head-and-shoulder patterns. The classic bearish formation, breaking below the 200-day moving average, foretells a potential plunge. However, a recent twist reveals an inverse head-and-shoulder pattern, a bullish signal. The index is poised to breach the 200-day moving average ‘neckline’ once again.

It’s Ross Givens here, back with the Chart of the Day. Diving into the AI arena, Palantir (PLTR) has been a powerhouse, surging in the first half of the year. After a consolidation phase, it’s now smashing through its post-earnings pivot, aiming for unprecedented highs. I tipped off our premium members last Friday, and the trade is already reaping rewards. Yet, this could be just the tip of the iceberg—there’s still ample time to ride the wave.

It’s Ross Givens here, and I’m here with the last Chart of the Day for this week. Locked in a fierce battle against market resistance, I dive into the heart of the current S&P 500 and Nasdaq rally in this exclusive report. The culprit? Powell’s latest words, echoing through the financial landscape, attempting to influence the Fed’s rate hike trajectory.