Hey, Ross here:
In a bear market, one thing you can reliably expect to see is stocks hitting new lows.
As today’s chart shows – we’re still far from that.
Chart of the Day
This chart shows the number of stocks hitting new 52-week lows.
The 2022 bear market is captured in the first rectangle on the left, while the current selloff is captured in the smaller rectangle on the right.
As you can see there is still a huge gap between then and now.
Yes, there was a substantial spike in the past couple days – but that has now come down a lot.
Does this mean the selloff is over? Not necessarily. And anyone who says they know when it will end is lying to you.
But amid all the fear, it’s always helpful to put things in proper perspective.
Because if you don’t have the proper perspective, you won’t be able to see the opportunities that are still there.
Insight of the Day
The institutional buyers are still in the market – their activity is just being disguised by all the fear and volatility.
Goldman Sachs just came out yesterday to say that US recession fears are likely overblown.
They’re likely not the only major institution with billions of dollars in capital at their disposal thinking this.
Make no mistake, these institutional buyers are still in the market…
Most traders just can’t see them – they’re too blinded by all the fear out there right now.
You won’t be one of them.
In fact, you can be one of the few who can actually use their money for your profit.
All you need to know is where they’re shifting their capital to.
And that’s why later this afternoon at 3 p.m. Eastern…
I’m going LIVE for a masterclass that will show you how to uncover the exact stocks the institutional money is flowing into amid all this turmoil…
Using my unique indicator that can detect the buildup of “buying pressure” in these stocks.
This will be the LAST time I’m giving this masterclass live for quite a while…
Meaning if you miss today’s session, it may be months before you get the chance again – and you could miss out on all the “discounted” opportunities out there right now.
So, if you haven’t already, make sure you click here to guarantee your slot for my live masterclass later at 3 p.m. ET…
And get ready to discover:
- How to detect when institutional buying pressure is building up in a specific stock…
- Why most traders are functionally blind to this buildup of pressure (and miss out on big gains)…
- And how to use my “PSI Gauge” to determine the exact point to jump into one of these “pressurized” stocks for maximum gains.
One stock this indicator pinpointed just two days ago is already up by the double digits…
So use this indicator to turn this correction to your advantage while you still have the chance.
My team will send you the login info before the masterclass starts – so keep an eye out for that and try to login early if you can.
See you later today at 3 p.m. ET.
Customer Story of the Day
“Their people are knowledgeable and helpful; first rate.”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
