Hey, Ross here:
It’s not just the trading week that’s behind us, but the month of May and the second quarter of 2023 to boot.
With that in mind, let’s look at some evidence to counter the still-pervasive bear market narrative.
Chart of the Day
The above is a simple line chart of the S&P 500.
Each of those four white circles represents the closing price on the last day of the previous quarters.
As you can see, the S&P 500 has been steadily closing higher and higher each quarter. We now have three consecutive quarters of solid market growth.
Is this something you’d expect to see in a bear market?
I don’t think so.
Sure, the market is still very volatile. But the trend seems clear.
And when these two mix – you get opportunity.
P.S. Would you like special trade prospects and potential market moves sent directly to your phone? Text the word ross to 74121.
Insight of the Day
High volatility + a clear trend = opportunity.
The clear market trend we’re seeing tells us which way to bet – long.
Meanwhile, the high volatility causes many pullbacks along the way – creating attractive entry opportunities we can exploit.
I’m excited – and you should be too.
I’m sharing plenty of these opportunities right here on this very newsletter.
But if you want to get “ahead of the curve” and get them before everyone else does…
It’s all part of our extended Memorial Day Special, which we’ll be closing very soon.
So, just like how good traders know how to pounce on an opportunity before it disappears…
I suggest you do the same with this one.
Embrace the surge,
Editor, Stock Surge Daily