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An Extremely Counterintuitive Buying Signal

Published March 6, 2023

Hey, Ross here:

Welcome to a new trading week. Let’s start with more evidence for this bull market.

Chart of the Day

This is the NASDAQ demonstrating a bullish price action called an “upside reversal”.

Just like the S&P 500, the NASDAQ gapped down (opened lower) below its 200-day moving average on Thursday – but then quickly recovered to close significantly above the average as buyers stepped in.

Then, the next day on Friday, it gapped up instead – adding more evidence to the validity of this bull market.

We’ll see what happens from here. I know many investors still feel very uncertain about the rally. And that brings us to today’s Insight of the Day.

P.S. Want special trade prospects and potential market moves sent directly to your phone from me? Then just text the word ross to 74121.

Insight of the Day

When it’s time to buy – you won’t want to.

Those were the words of famed technical analyst Walter Deemer. Thursday’s price action was one of those times.

And here’s another quote, this time by the legendary Sir John Templeton, “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”

By the time you feel optimism, you’ve already missed the boat. The juiciest profits can only be made by investing when the market is pessimistic or skeptical – even though it’s counterintuitive. Sound familiar?

And remember, breakout stocks often lead the market by rising first. This means you don’t even need to wait for the broader market to move to start making healthy profits – you can start doing so now.

I’m spotlighting some of these breakout stocks right here in this newsletter. But if you want more – so you can really load up your portfolio with these high-potential stocks – then make sure you check this out.

Embrace the surge,

Ross Givens

Editor, Stock Surge Daily

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Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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