Hey, Ross here:
Yesterday’s market action certainly seemed to confirm September’s negative seasonality.
However, it’s worth noting a couple things.
First, even though indexes closed lower, they rebounded significantly from intraday lows.
And second, in September last year, the first few trading days of the month saw the S&P 500 down over 4% and the Nasdaq down nearly 6%.
Despite this, stocks rallied after, making it was still a positive month overall for stocks.
It’s still far too early to count September out yet.
Besides, as today’s chart shows…
Things are still looking healthy under the surface.
Chart of the Day
This chart shows the changes to earnings estimates that analysts make in the first two months of the quarter.
As you can see, most of the times analysts revise things downward in these two months.
But for July and August – the first two months of the current quarter – they’ve actually flipped and are revising earnings estimates upwards.
This means they felt the estimates they made up till June were too pessimistic…
And that based on what they’re seeing now, companies are actually performing better than expected.
This is a good sign.
Now, will this make September a positive month for stocks? Not necessarily.
As I said, by far the biggest factor will be the Fed.
But it does mean that any pullback will likely be a buying opportunity.
And here’s even better news…
That’s only one type of opportunity we could be exploiting in September.
I explain the second type below.
P.S. Later this evening I’m releasing my next edition of 2 Trades in 2 Minutes. To get them as soon as they’re released, just text the word “trade” to 87858 and my team will send them straight to your mobile when they’re out.
Insight of the Day
YThe two types of opportunities in September – pullback buying and profiting from a market selloff.
I’ve talked a lot about buying pullbacks in this newsletter, so I won’t go into it here again.
But with indexes having hit new all-time highs in August, you would have come out ahead of the crowd by doing so every time I advised it.
I believe that any market weakness we see this month will also likely be a similar opportunity.
That’s the first type of opportunity I’m seeing this month.
The second type – in the case of a more severe selloff – is profiting if the market keeps falling.
That’s what we did in March and April, when it seemed there was no end to the market decline.
In fact, we managed to net an over 500% gain on a single trade in the middle of the bloodbath…
All thanks to a strategy that I’m going to be demonstrating LIVE later this afternoon at 12 p.m. Eastern.
The best part?
This strategy kept on printing even after the selloff was over, delivering wins like:
- 102% in 12 days…
- 118% in 2 days…
- 101% in 5 days…
- And 207% in 5 days…
Meaning this one “must have” strategy you want to have in your toolbox for a shaky September.
So click here to guarantee your spot at my live strategy reveal if you haven’t already…
And I’ll see you in a little bit at 12 p.m. ET sharp.
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
Customer Story of the Day
“Ross and his staff at Traders Agency are great.
Not only sharing profitable stock trades in real time, but also explaining everything in a common language and making me feel like part of a smart, thriving community.
I highly recommend.”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
