Hey, Ross here:
Welcome back – I hope you had a fantastic holiday.
Let’s start the morning by looking at how the price action has evolved since last Wednesday’s Fed Day.
Chart of the Day
This is the Equal Weight S&P 500 Index (RSP) posting a bullish engulfing candle the day after Fed Day.
Both the regular S&P 500 and the Nasdaq also posted similar patterns.
A bullish engulfing candle means the bears controlled the action at the open – but by the end of the day, the bulls had decisively taken over.
The price action over the next two days have also “confirmed” this pattern.
Remember, this is the Equal-Weight S&P 500 Index, meaning it wasn’t just the Magnificent 7 stocks. It was all of them.
Plus, look at how the support held up in the S&P 500.
These are all great signs that the price action is healthy.
Insight of the Day
Natural “lulls” in the market are great times to position yourself.
Yes, trading volumes are thin.
But this creates a sort of “lag effect”…
Where stocks that would shoot up now…
Might only do so when the trading volumes return.
Couple this with the market still rebounding from last week’s Fed Day…
And you have a prime positioning opportunity staring you right in the face.
So don’t miss it.
That’s why there’s never been a better time to put my flagship strategies to work.
Especially since it’s the last trading week of the year, and you can start immediately using these strategies for just 99 cents.
There’s no catch – just a great deal.
Customer Story of the Day
“I followed Ross for approximately six months before joining.
In those six months, I honestly could have doubled if not tripled my money invested in stocks, not including what I could have banked with options.
Ross, as well as his staff, are pleasant and convenient regarding communication, but most important, they are knowledgeable and experienced.
They have educated me that the little guy can still profit with guidance and education.”
Ross Givens
Editor, Stock Surge Daily
