# Be Ready for This to Happen

Canonical: https://stocksurgedaily.com/be-ready-for-this-to-happen/

Hey, Ross here:

The rally continues – but there’s one important thing you need to know about rallies.

Read on to find out what it is.

**Chart of the Day**

![](https://lh7-us.googleusercontent.com/UGH_4kYl5fY8s_6GW2MELwcmhyfnLPC37DiZe_AQXXmcMwBXYUFiILmefOsWMEMWSzC-b6rKmOFVxfMwgl5T4WuB8HC0vwB3aKrqHP5fFoEFsgqUgbr26oqZq2dcURY4QCcu0D9xSkWSDtIEWXg2--U)

This is the percentage of S&P 500 stocks that are trending above their 50-day moving average.

Just a week ago, this number was sitting at a 52-week low of just above 15%.

As of yesterday’s close, it has nearly tripled to 42.5%.

This just shows you how fast this rally’s pace has been.

You might have noticed however, a slight dip in the chart right at the end.

And yes, the percentage of stocks above their 50-day moving average did dip slightly from Friday’s close to yesterday’s close.

But as I explain in the Insight of the Day, this is nothing to worry about…

Because what happens on the way down also works on the way up.

**Insight of the Day**

**The market often needs time to digest sudden shifts in direction – both on the way up and down**

During the vicious pullback from end-July to end-October, we saw plenty of times where the market largely moved sideways – even though the broader trend was downward.

This is normal – the market needs time to digest sudden shifts in direction…

And this works both on the way up and down.

So, if the rally takes a breather this week – that’s perfectly normal.

I believe the new direction is clear – it’s going up.

Of course, this doesn’t mean just buying into the market willy-nilly – we still need to be strategic about it.

That’s why I’m going LIVE right now…

To show you exactly how to pinpoint the highest-potential stocks with clean price action setups…

So we can squeeze the most juice possible out of this rally.

**[Just click here to join me in the live room now…](https://clktrac.com/JoinRoss)**

And let’s ride this rally together.

Embrace the surge,

![](https://stocksurgedaily.com/wp-content/uploads/2023/05/image.png)

Ross Givens  
Editor, **_Stock Surge Daily_**