# The Truth About Yesterday’s Market Fall

Canonical: https://stocksurgedaily.com/the-truth-about-yesterdays-market-fall/

Hey, Ross here:

Yesterday was the first time in 356 days since the S&P 500 closed at least 2% lower for the session.

As I said earlier this week, I’m not surprised to see the large-cap tech stocks pulling back and volatility spiking.

And if we peek under the hood, we’ll see what most traders are missing.

**Chart of the Day**

![](/wp-content/uploads/2024/07/image-19.png)

_Source: Optuma via X_

This chart shows the S&P 500 index with all the days where it closed at least 2% lower marked in blue.

Then for every one of those -2% closes, it shows how many stocks in the index closed _higher_ despite the lower overall close.

Yesterday, 165 stocks – 33% of the index – closed higher even though the index fell by 2.3%.

This was the highest number by far in the past 10 years.

What does this mean? I explain below in the Insight of the Day.

**Insight of the Day**

**The decline in the large-cap tech stocks is now disguising the _strength_ beneath the surface**.

Previously it was the opposite – the strength of the large-cap tech stocks disguising weakness in the market.

Now, the tables have flipped…

And it’s now the weakness of the large-cap tech stocks disguising the strength in the market.

They’re pulling down the entire index because of their size…

But beneath the surface, there are still _plenty_ of stocks surging…

Especially now that earnings season has just kicked off.

**[That’s why tomorrow morning at 11 a.m. Eastern…](https://secure.tradersagency.com/alpha/?tambid=25174)**

I’m going LIVE – with a very special guest – for a masterclass on my top earnings season strategy…

A strategy based on “piggybacking” the trades of those with the greatest informational advantage out there – the corporate insiders.

With volatility spiking and hundreds of stocks climbing beneath the surface – all in the middle of earnings season…

There’s never been a better time to put this “insider” strategy to work in your own trading.

In my special masterclass tomorrow, I’ll go live to explain:

*   What makes following the top corporate insiders such an incredibly powerful trading strategy…
    
*   The key details separating the “must follow” from the “avoid at all costs” insiders…
    
*   And the 3 counterintuitive insider buying signals you must know about to make this strategy work
    

After the masterclass, I think you’ll immediately see why this strategy is perfect for current conditions.

So **[click here to save your seat for my live masterclass tomorrow…](https://secure.tradersagency.com/alpha/?tambid=25174)**

And watch out for the login details in your inbox before it starts.

I – and our special guest – look forward to seeing you tomorrow at 11 a.m. ET.

**Customer Story of the Day**

_“I appreciate TA’s thoroughness. The weekly classes are so helpful and they don't mind repeating the information and answering the questions to help us get a better understanding of the information. I was able to recoup the initial costs within a month of signing on with the direction they provided._

_Thank you so much Ross and company for all your hard work.”_

Embrace the surge,

![](/wp-content/uploads/2024/01/unnamed-12.png)

**Ross Givens**  
Editor, _Stock Surge Daily_