Hey, Ross here:
Both the S&P 500 and the Nasdaq are brushing against new all-time highs.
A big reason for that are the big tech names pulling the indexes up.
But as today’s chart shows – the others aren’t far behind.
Chart of the Day
This is RSP – the Equal Weight S&P 500 index.
It’s how the S&P 500 index would look if every component were given equal weightage, instead of by market cap.
It eliminates the outsized effect of the “big dogs” – and tells us how the average S&P 500 stock is doing.
And as you can see, the RSP has been forming a clear consolidation pattern over the past month…
While bumping up against a clear resistance level more and more often recently.
This is textbook pre-breakout price action.
Insight of the Day
The ideal time to position yourself is during this pre-breakout period.
You can’t always perfectly time a breakout.
Oftentimes, we only get in at the early stages after the breakout has already started.
That’s perfectly fine. It’s still good timing.
But great timing is positioning yourself right before the breakout starts – during this pre-breakout period.
And that’s what the price action is clearly indicating right now.
The mega stocks have all broken out…
But average stocks are still in the pre-breakout period – the ideal positioning window.
Don’t hesitate.
In just a few hours later this morning at 11 a.m. Eastern…
I’m going LIVE to show you how to zero in on the top sector that’s leading this market…
And target the stocks with the most explosive breakout potential.
This method has pinpointed moves of 20% in 8 days, 51% in 14 days and 87% in 24 hours…
But with the textbook pre-breakout price action we’re seeing…
That could just be the beginning.
So click here to guarantee your spot for my live session if you haven’t already…
And I’ll see you in a bit at 11 a.m. ET.
Don’t be late.
Customer Story of the Day
“Traders agency is the best thing to have happened to me.
This team of stock gurus has educated me and helped me start earning money in my portfolio.
Been using the methods that TA teaches for 3 months now and increased my earnings. Shout out to the Cartier Family for having Ross on their YouTube!
This is not a get rich quick scheme, this is to educate you on how to read the market and make decisions to earn money.
Thank you Ross and team for passing on your knowledge to me. Looking forward to what the future holds.”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
