Hey, Ross here:
Welcome back to a new trading week.
We’re now officially at the half-way point for what was historically supposed to be the worst month of the year.
But the Nasdaq is at a new all-time high…
The S&P 500 is just a hair’s breadth behind…
And as you can see from the chart below – the breakout streak continues.
Chart of the Day
This is the Net New Highs indicator…
With the red box on the right showing the month of September.
As you can see, there hasn’t been a single day this month where new lows outnumbered new highs.
In fact, since May 12, we’ve only seen a maximum of two consecutive days where there were more new lows than new highs.
As of last Friday, we’ve just seen 16 consecutive trading days of net new highs…
Which as I keep reminding you – means breakouts are working.
And with the futures market pricing a 100% probability of at least a 25-point rate cut tomorrow…
We’ll most likely see this breakout streak continue (unless the Fed makes a surprise pause or indicates that this would be the only rate cut this year).
Here’s just one of several breakout setups I highlighted to my paid subscribers last Friday. This is QBTS.
Now, one thing to notice here is that this stock has not yet reached a new high.
And that highlights something critical about the Net New Highs indicator.
While it’s a great gauge of the market’s health…
It’s not the best breakout indicator to use.
I explain more below.
P.S. Tomorrow evening, I’m releasing my next edition of 2 Trades in 2 Minutes. It’s completely free – but you want to act fast, before the Fed does. So text the word “trade” to 87858 and get those trades sent to your mobile the second they’re released.
Insight of the Day
If a stock has hit a new high, it means the breakout has already happened.
Sure, there’s nothing wrong with buying a stock that’s just hit a new high.
It definitely can keep going higher, and you can still capture some decent gains that way.
But the most lucrative breakout setups happen before the stock hits a new high…
And that’s something the New New Highs indicator – or looking at a list of stocks hitting new highs – can’t tell you.
So the question is, what can?
Well, that’s exactly what I’ll be demonstrating LIVE tomorrow, Tuesday September 16, at 11 a.m. Eastern.
It’s a powerful breakout indicator that’s spotted triple-digit gains like 177% in 11 days… 353% in just 91 days… and even 148% in 2 days.
This indicator is what will allow you to target these explosive breakouts before they show up in the new highs list.
And with the Fed’s rate cut likely to trigger a spate of new breakouts…
You want to have this indicator in your trading toolkit before then.
So click here to secure your seat for my live reveal Tuesday…
And I’ll see you tomorrow morning at 11 a.m. ET
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
“I’m not someone that usually leaves reviews, however, if I could give more stars I absolutely would!
I am currently enrolled in two of their courses. I knew NOTHING about the stock market when I joined back in March after seeing Ross on The Cartier Family YouTube Channel.
Ross and Jean have rather quickly taught me how to navigate the market. They are so patient with ‘newbies’ like me and have eagerly answered my questions with demonstrations.
I would highly recommend this down to earth and knowledgeable team to anyone that is on the fence about joining. Just take the leap and watch your wallet grow!”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
