Resilient Rally = Resilient Opportunities
Hey, it's Ross Givens here with the Chart of the Day. As the SPX leads the charge, surpassing January 2022 highs, the RSP appears poised for an imminent breakthrough. While mega-cap stocks exert a considerable impact on the SPX, the RSP's breakout demands broader market participation. The moment the RSP clears its previous all-time high, it signals the onset of a robust and sustainable bull rally, possibly preceded by a pullback. However, seizing opportunities doesn't hinge on the RSP breakout alone. Join me in the Insight of the Day for a comprehensive perspective on navigating the current market landscape.
There’s Always Fuel for the Next Rally
Hey, it's Ross Givens here with the Chart of the Day. Market sentiment, often overlooked, plays a crucial role. The AAII sentiment survey reveals a recent dip in bullish sentiment and a corresponding increase in bearish sentiment. While this signals a potential pullback or pause, it's crucial to note that absolute bullish sentiment remains higher than late January. This insight sheds light on the market's likely trajectory—a temporary setback before a stronger breakout. Learn more about the intricate relationship between sentiment and market movements in today's Insight.
Market Sentiment Check Reveals Opportunities
Hey, it's Ross Givens here with the Chart of the Day. Market sentiment, often overlooked, plays a crucial role. The AAII sentiment survey reveals a recent dip in bullish sentiment and a corresponding increase in bearish sentiment. While this signals a potential pullback or pause, it's crucial to note that absolute bullish sentiment remains higher than late January. This insight sheds light on the market's likely trajectory—a temporary setback before a stronger breakout. Learn more about the intricate relationship between sentiment and market movements in today's Insight.
Not Doing This Carries Heavy Costs
Hey, it's Ross Givens here with the Chart of the Day. Examining the 'Valentine's Day Indicator,' I've gathered data on the S&P 500's performance for the remainder of the year when it's up over 4% YTD on Valentine's Day. Out of 28 instances, only two years saw the market close the year down. On average, the market surged 13.3% for the rest of the year in these cases. While it's not a foolproof predictor, historical trends suggest a favorable outlook. Find out more in today's Insight.
The Pullback We’ve Been Waiting For?
Hey, it's Ross Givens here with the Chart of the Day. The market's sharp decline post the unexpected rise in inflation is the steepest since September 2022. Many traders anticipated early rate cuts from the Fed, and yesterday's inflation data defied those expectations. If you've been following this newsletter, this outcome shouldn't catch you off guard. In today's Insight, I delve into the reasons behind this market move and why, instead of concern, you might find cause for gratitude.
Small-Caps Breaking Out? (Here’s What to Do)
Hey, it's Ross Givens here with the Chart of the Day. While major indexes still grapple with record highs, the Russell 2000, often overlooked, has surged nearly 5% in just three days. This ascent surpasses the S&P 500's 2024 performance. Breaking through 18-month resistance, the small-cap index might surpass its recent high. Unlike large-cap counterparts, small-caps present a unique opportunity. Join me in today's Insight to explore why I see potential in small-cap stocks amid the broader market landscape.
Most Traders Have Zero Clue How to Do This
Hey, it's Ross Givens here with the Chart of the Day. After a combined net outflow of over $15 billion in US equity funds for the first three weeks of January, the final week witnessed a robust net inflow of $5.9 billion. Sustained or increased inflows could fuel the ongoing rally, while a reversal might hint at an impending correction. However, amidst these dynamics, a significant source of opportunities demands attention—one that won't be available for much longer. Discover more in today's Insight.
The Harsh Reality About “S&P 5000”
Hey, it's Ross Givens here with the Chart of the Day. Watch out for a potential breakout in the 10-year US Treasury yield, historically correlated inversely with stocks. If it surges, brace for a stock rally resistance, possibly triggering a sustained pullback. With the S&P 500 eyeing the psychological 5,000 mark, this resistance adds complexity. While the rally might temporarily stall, there's an ongoing opportunity to seize. Learn how to navigate this dynamic market in the Insight of the Day.
The Two Sides of Every Market “Surprise”
Hey, it's Ross Givens here with the Chart of the Day. Decode the recent two-day surge in the US Dollar Index, often inversely correlated with the stock market. While a brief uptick doesn't signal a definitive trend, the potential breakout suggests a temporary stock pullback. In the Insight of the Day, explore the implications and gain insights to position yourself advantageously in this evolving market scenario.
Weird Chart Signals More Gains Ahead?
Hey, it's Ross Givens here with the Chart of the Day. Examining the 10-year Treasury yield this week reveals a notable departure from its typical negative correlation with the stock market. Powell's words at the Fed meeting triggered a stock decline, but the yield surprisingly fell about 10 basis points, hinting at potential signals for a significant upward market move once the Fed's message is fully digested. Stay tuned for insights on navigating this unique market dynamic in today's full article.
Powell’s Sweet Stock Bargains
Hey, it's Ross Givens here with the Chart of the Day. While chatter abounds on small-caps trailing behind larger counterparts, a compelling chart tells a different story. Since October lows, the S&P 500 has surged 19.7%, yet the Russell 2000 has outpaced with a robust 22% gain. As the market awaits the Fed's eagerly anticipated rate-cut signals today, brace for significant stock movements. Learn more in today's Insight of the Day and position yourself strategically for potential market shifts and lucrative opportunities ahead.
The Truth About America’s Bull Market
Hey, it's Ross Givens here with the Chart of the Day. The global stage is set for a bull market celebration, with the MSCI Developed World Index teetering within 1% of its all-time high. It's not exclusive to the U.S., where nearly 70% of stocks are trading above their 50-day moving averages. Even the equal-weight S&P 500 boasts record highs. Macro trends are positive, but let's dive into the micro – this week promises a concentrated burst of opportunities. Learn how to seize them strategically in today's Insight of the Day, capitalizing on the broader market optimism and honing in on specific, lucrative prospects.
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