Hey, Ross here:
The Fed’s annual Jackson Hole Economic Symposium started yesterday, with Fed Chair Powell speaking later today.
What he says could absolutely shift markets in either direction.
But for now at least, sentiment belongs firmly to the bulls.
Chart of the Day
This is the result of the weekly American Association of Individual Investors (AAII) market sentiment survey.
Two weeks ago, 37.5% of them were bearish – as of two days ago, less than 24% of them are.
Meanwhile the percentage of them being bullish has jumped from 40.5% to 51.6% – near the one-year high.
Sentiment-wise, the bulls are back in control.
But most traders are missing something critical. I explain more below.
Insight of the Day
Because sentiment is a lagging indicator, the chance for the biggest gains – at least in the short term – has counterintuitively passed.
The best time to buy the dip was when the market was most bearish – two weeks ago.
That’s why I cautioned you against overreacting, and to treat the selloff as a temporary correction instead of a crash.
Now, with bullish sentiment peaking, the opportunity has counterintuitively reduced – at least if you’re looking at the market as a whole.
The good news is that what applies to the market doesn’t always translate to individual stocks.
There are plenty of stocks out there with hugely bearish sentiment – but are actually fantastic opportunities.
Of course, you have to be extremely discerning when looking for these stocks – because more often than not, the bearish sentiment is there for a reason.
Most traders get burned trying to do this.
But if you know how to leverage the corporate insiders – high-ranking executives legally allowed to trade their own company stock…
You can massively stack the odds in your favor.
Because these insiders know the best about the actual prospects of their companies…
So if their company stock is sinking because of sentiment – but they know there’s something big coming down the pipeline…
They can take advantage of the situation – and so can we.
One “bearish” stock the insiders bought into had been sinking for nearly seven months – only to shoot up over 50% in a matter of days shortly after they bought.
That’s the immense informational advantage these insiders have – and we should exploit it.
That’s why later this morning at 11 a.m. Eastern…
I’m going LIVE for a masterclass that will show you the right way to follow these insider trades to target rapid gains on “bearish” stocks.
You’ll discover:
- How to access the database containing the records of all these insider trades…
- The subtle yet dangerous mistakes traders make when trying to follow these insiders…
- And the 3 counterintuitive insider buying signals you must know about.
So, if you haven’t yet, please click here to guarantee your slot for my LIVE insider masterclass later this morning…
And watch out for the login details in your inbox shortly.
See you at 11 a.m. ET in just a bit.
Customer Story of the Day
“Ross Givens from Trader’s Agency is an awesome resource to help you with your investing needs and investing education. I waited about three months to write this review to give myself time to see the impact on my portfolio and I have been completely satisfied.
Ross has a no nonsense, simple approach that makes it easy for all investors and he takes the time to answer all questions on a weekly basis. Thanks, Ross and Traders Agency!”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
