Hey, Ross here:
Almost two months ago, I shared an update to my paying members titled “How to Time the Market”.
In this update, I revealed a powerful indicator which has proven itself many times over in identifying turning points in the market.
Today, I’m sharing this indicator with my broader readers – and showing how it has proved itself once again.
Chart of the Day
This is the NFCI – the National Financial Conditions Index.
Published weekly by the Chicago Federal Reserve, this index measures how readily money is available in the financial system.
The higher the value, the tighter financial conditions are – aka the less money there is sloshing around in the system.
The lower the value, the looser financial conditions are – meaning there’s more money in the system.
That’s good for stocks, which is why the NFCI has tended to be inversely correlated with the stock market.
You can see this inverse relationship in the chart below – which I shared back in March.
But as you can also see in the first chart, the NFCI has been steadily falling since I called the April lows.
Financial conditions are expanding and more money is flowing into the system.
And the NFCI still has a lot of room to drop much further.
This is great news for stocks.
Insight of the Day
Strong trends tend to last much longer than what you can “rationally” expect.
Because of how much the market has surged since the April lows…
There are a lot of analysts out there right now talking about how the market is now overbought, and that a pullback is due.
Now, don’t get me wrong…
At some point in the near future, we will have a pullback.
It’s inevitable, and more importantly, it’s a necessary part of a healthy market.
But here’s the thing about strong trends like the one we’re in right now…
They tend to last much longer than what you can “rationally” expect.
Thanks to human nature, this is a feature of the markets that will always be there.
It’s what creates the wild, volatile cycles that scare the masses – but provide savvy traders with opportunity.
All this to say – this trend will likely keep going strong for a while.
Don’t prematurely eject and miss out on all the gains still up for grabs.
And if you want to make the most of this trend while it’s still there…
Then make sure you join me tomorrow, Friday morning, at 11 a.m. Eastern…
Because I’m going LIVE to demo my top strategy for finding the explosive breakouts that are still happening amid this rally.
This strategy could have helped you pocket gains like 51% in 15 days… 77% in three weeks… and even 87% in just 24 hours.
But considering how much room this rally still has left – these gains could just be the start.
We’re already monitoring several high-potential setups that look ready to scream higher.
So click here to let me know you’re coming for my live session tomorrow…
And I’ll see you Friday morning at 11 a.m. ET.
P.S. If you’re planning to attend on a mobile device, download the presentation app now so you don’t miss anything when it starts.
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
“Ross and Jean are real pros.
They absolutely know what they’re talking about and provide real strategies and information on how to make educated and informed trades with no sugar coating.
They are up front about the risks and enable you to take a lot of the emotion out of the process.
If you’re serious about trading, you should check them out.”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
