Hey, Ross here:
Welcome to a brand-new trading week.
As today’s chart again shows, things have been playing out just as I predicted…
So read on to see what’s likely to happen next.
Chart of the Day
If my prediction for what’s going to happen to the markets is correct – as it has been so far…
Then we’ll be in for another painful week in the markets.
This is further confirmed by the percentage of stocks sitting below their 50 and 200-day moving averages, which are now at 22% and 29% respectively.
In other words, more than 70% of stocks are in long-term downtrends. And this number is still falling.
That’s the bad news.
The good news is that the bottom will then likely be coming in soon…
And like all market bottoms, most won’t even know it’s there until it’s too late. Keep reading this newsletter, and I’ll do my best to make sure you won’t be one of them.
There’s also more good news…
And you can find out what it is in the Insight of the Day.
Insight of the Day
The “final flush lower” is coming – but you don’t have to sit in cash to profit from it.
The back-to-back distribution days (aka days when indexes fall significantly) we saw at the end of last week is typically a bad sign.
If we don’t see quick buying and a substantial movement to the upside in the first few days next week, this will likely lead to the final flush lower we have been expecting to see in the market.
You can wait it out in cash if you want…
Or you can choose to try to target some quick profits even as the market declines.
I showed my strategy for going after fast weekly market payouts last week – a strategy I haven’t demoed in many months.
I believe it’s the ideal strategy for still going after gains even in a falling market…
So, if you missed it…
I’m going live tomorrow at 12 p.m. Eastern to give you another chance to start using this strategy for yourself right now.
And I’ll explain everything tomorrow.
But hurry, because the opportunity window is closing fast…
And I don’t want you to miss out again.
Embrace the surge,
Editor, Stock Surge Daily