Hey, Ross here:
The S&P 500 just breached two key levels – let’s look at what that means for what’s to come.
Chart of the Day
The S&P 500 just pierced through its 200-day moving average AND the 4,200 mark, with the latter being a key psychological level that also served as strong resistance earlier this year.
10-year Treasury yields are again very close to the 5% mark…
And if they go over the threshold once again, that’s not a good sign for the markets.
Of course, if you’ve been reading this newsletter, then you shouldn’t be surprised by any of this.
The final flush down is here – so hang on tight.
Insight of the Day
The best buying window typically occurs during times of extreme bearishness.
It sounds pretty counterintuitive…
But when market sentiment is extremely bearish – that’s usually when it’s the best time to buy.
Remember, during times of market corrections, the “bottom” happens when everybody is still very bearish.
By the time sentiment flips bullish again, you’ll already have missed the biggest and most lucrative opportunities.
And this is especially the case when it comes to the “market leaders”, which typically bottom and start rising before the rest of the market does.
So, instead of giving in to the fear – use it instead.
The “smart money” will be the ones buying in first at the bottom…
And with my Stealth Trades strategy, you could jump in with them and ride any gains to the top.
Oh, and we’re running a very special deal right now…
Where for a very limited time, all you have to do is click here to get one full year of Stealth Trades for just 99 cents.
So don’t wait – grab it before it’s gone.
Embrace the surge,
Editor, Stock Surge Daily