Hey, Ross here:
As I said yesterday, I’m seeing signs of outsized strength in select sectors – despite the so-called market “weakness”.
Today’s chart highlights one of them.
Chart of the Day
This is the Invesco Solar ETF, which tracks a basket of solar energy stocks.
Since the end of April, it’s shot up over 20% – four times better than the S&P 500 and almost three times better than the Nasdaq.
I’m also seeing this kind of strength in other sectors, such as shipping.
Meanwhile, those who only know how to look at the surface level details keep whining about the market “weakness”.
What’s really happening here? I explain below.
Insight of the Day
We’re likely seeing signs of a classic sector rotation – which also presents an opportunity.
Different sectors lead the market at different times.
When this sector leadership switches, it’s called a sector rotation.
During a rotation, it can look like nothing much is happening on the market’s surface.
But underneath, a new crop of market leaders is emerging…
And if you know how to target the leading stocks in the leading sectors – you’re setting yourself up for some serious gains.
That’s why in just a few hours at 11 a.m. Eastern…
I’m going LIVE for a masterclass that will allow you to target the new market leaders using my favorite chart pattern of all time.
This chart pattern is specifically designed to uncover stocks that are blasting out of a “lull” – which is exactly what happens during a sector rotation.
After my live masterclass later, you’ll know:
- Exactly what this chart pattern looks like…
- The statistics of its incredible performance in both bull and bear markets…
- And how to precisely position yourself within this pattern to set yourself up for the biggest gains.
Once you understand how to spot this chart pattern, you’ll start seeing opportunities everywhere.
So, if you haven’t already, make sure you click here to guarantee your spot for my live masterclass later…
And my team will send you the login info shortly.
See you in a bit at 11 a.m. ET.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily