Hey, Ross here:
Yes, the market bounce took a brief pause yesterday on the back of the slightly higher than expected inflation printout.
But I believe the market bounce thesis still holds – and today’s chart explains why.
Chart of the Day
This is the Fear & Greed Index presented in chart form.
And as you can see, despite yesterday’s dip, the index – which had been rising for the past week – stayed flat.
This is a good sign that sentiment hasn’t been overly affected by yesterday’s inflation printout.
The market is still oversold and the setup for a technical bounce remains.
On top of that, as measured by the American Association of Individual Investors, bullish sentiment has now outpaced bearish sentiment for the first time in a month.
I believe we’re still in a good spot. And if we’re smart about it, we can use this to our advantage.
Insight of the Day
Yesterday’s “mini dip” could be the ideal time to take advantage of this market bounce.
It’s natural for the market to be a little volatile after an inflation report as investors digest its implications.
So I wouldn’t be too surprised if we see the market dip a little bit again today.
But as I mentioned earlier, I believe the case for a short-term technical bounce remains solid.
This means that yesterday’s “mini dip” is actually an opportunity – a window for us to play this market bounce while some are wavering.
That’s why I’m going live right now to showcase my #1 strategy for taking advantage of this bounce…
A strategy that could have already delivered multiple double-digit – and even triple-digit gains – in mere weeks.
And let’s go after this opportunity together – while we still can.
Embrace the surge,
Editor, Stock Surge Daily