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This Signals More Stock Gains Ahead

Published November 22, 2023

Hey, Ross here:

The rally took a quick pause yesterday – something I said you should expect to happen. So don’t be alarmed.

Today’s chart shows how one of the biggest predictors of stock prices – the 10-year Treasury yield – is signaling bullish times ahead.

Chart of the Day

This is the chart for the US 10-year Treasury yield – and loyal readers of this newsletter will recognize the pattern here.

It’s the classic head-and-shoulders pattern – and should the chart fall below the white horizontal “neckline”, that signals further declines ahead.

This is a bearish pattern.

But we’re talking about the 10-year Treasury yield here – which generally moves in the opposite direction to stocks. So that actually makes this pattern a bullish one for stocks.

Should Treasury yields continue to fall – as this pattern indicates it will – we’re in a good spot for more stock gains ahead.

Insight of the Day

The direction of the 10-year Treasury yield is more predictive than its absolute level.

Both the S&P 500 and Nasdaq are just over 1% away from their 2023 highs.

Now, these highs happened back in July – when the 10-year Treasury yield was about 4.1% (it’s 4.4% now, peaking at close to 5% back in October).

This means that the direction of where Treasury yields are going matter more than their actual absolute level.

And it also means that even though Treasury yields are likely to remain “higher for longer” in line with interest rates…

You DON’T have to wait for them to drastically fall to make solid gains in the stock market.

As long as the direction of Treasury yields is downward, stocks tend to go up.

That’s what’s happening now.

And that’s why I’m going LIVE right now to show you how to take full advantage of this falling-yield environment…

By targeting the exact same stocks as the best traders in the world (not who you think).

And because it’s Thanksgiving, I’ll also be presenting something very special during the session.

So click here to join me in the live room now…

And let’s feast on this rally before we feast on turkey.

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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