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The Fed “Rate Cut” Rally Has Already Begun

It’s Ross Givens here, with Chart of the Day. As the Dow hits a historic high and the S&P 500 approaches its peak, we find ourselves in an excellent position. The NASDAQ has surged to levels unseen since January 2022, while US 10-year Treasury yields teeter on the brink of falling below 4%. The Federal Reserve's announcement of a potential three-rate cut in 2024 adds a promising layer to the market landscape. However, there's a crucial caveat—timing is paramount. In today's Insight of the Day, I unravel the significance of swift action and delve into the strategic nuances of capitalizing on this favorable market scenario.

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Trillions Waiting to Fuel the Next Rally

It’s Ross Givens here, with Chart of the Day. Six weeks of consecutive wins for the S&P 500, breaking through the 4,600 resistance, and a robust 74% of stocks trading above their 50-day moving average signal a thriving market. Notably, Bitcoin's strong gains and breakout from consolidation further emphasize a shifting market mood towards 'risk on.' As someone who simply follows the market's cues for opportunities, the current climate decidedly leans against bearish sentiments.

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Ready for a December Small-Cap Surge?

It’s Ross Givens here, with Chart of the Day. Unlocking the mystery of the stagnant small-cap Russell 2000 index, trapped in an 18-month range, I delve into the intriguing dynamics that left it sidelined during this year's market surge. Mega-cap stocks like Apple and Amazon hogged the spotlight as investors, haunted by the past, sought safety in familiar names. Yet, the overlooked small-cap arena holds vast potential, with ground to recover. I'm witnessing a subtle shift towards small and medium-sized stocks, hinting at an impending resurgence.

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Are You Prepared for a December Rally?

It’s Ross Givens here, back with the Chart of the Day. Exploring the booming world of crypto and digital payments, the sector has emerged as a powerhouse, claiming the top spot in performance over the last two months and securing second place in the last three. In the heart of this surge, Riot Blockchain (RIOT) takes the spotlight, signaling a potential breakout buy earlier this week. With a remarkable relative strength rating of 98/100, placing it in the top 2% of stocks, RIOT swiftly surged through the $12 threshold on robust volume after I shared this trade idea. A slight pullback yesterday opens a potential buying opportunity. Dive in for a closer look at the evolving crypto stock landscape.

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Why I Want the Market to Fall

It’s Ross Givens here, back with the Chart of the Day. Observing the Nasdaq 100's ascent to a 52-week high, I delve into the intricacies of major indexes, focusing on the S&P 500. Historical patterns reveal that significant levels of support and resistance are rarely swiftly surpassed. The current challenge lies at the crucial 460 level on the SPY, a battleground with a history of transforming from resistance to support. As we approach this key juncture, the process of digesting previous sellers may unfold over the next few weeks, shaping the trajectory for a potential rally into new highs.

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What Happens When You Wait Too Long

It’s Ross Givens here with the Chart of the Day. In a week of flourishing markets, the S&P 500, Nasdaq, and Dow all surged, each securing substantial gains. Notably, small-cap stocks stole the spotlight, with the Russell 2000 soaring 5.4%, marking its best performance in over a year. This rally differs from recent trends, showcasing broad participation rather than reliance on a select few mega-cap stocks. Key indicators, from net new highs to moving averages, paint a bullish picture. As our TA Market Health Gauge gleams bright green, signaling a very bullish environment, I delve deeper into the insights of the week ahead.

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This Signals More Stock Gains Ahead

It’s Ross Givens here with the Chart of the Day. In a week of flourishing markets, the S&P 500, Nasdaq, and Dow all surged, each securing substantial gains. Notably, small-cap stocks stole the spotlight, with the Russell 2000 soaring 5.4%, marking its best performance in over a year. This rally differs from recent trends, showcasing broad participation rather than reliance on a select few mega-cap stocks. Key indicators, from net new highs to moving averages, paint a bullish picture. As our TA Market Health Gauge gleams bright green, signaling a very bullish environment, I delve deeper into the insights of the week ahead.

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Foundations for the Next Bull Market?

It’s Ross Givens here with the Chart of the Day. In a week of flourishing markets, the S&P 500, Nasdaq, and Dow all surged, each securing substantial gains. Notably, small-cap stocks stole the spotlight, with the Russell 2000 soaring 5.4%, marking its best performance in over a year. This rally differs from recent trends, showcasing broad participation rather than reliance on a select few mega-cap stocks. Key indicators, from net new highs to moving averages, paint a bullish picture. As our TA Market Health Gauge gleams bright green, signaling a very bullish environment, I delve deeper into the insights of the week ahead.

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Don’t Be Surprised If This Happens

It’s Ross Givens here with the Chart of the Day. In a week of flourishing markets, the S&P 500, Nasdaq, and Dow all surged, each securing substantial gains. Notably, small-cap stocks stole the spotlight, with the Russell 2000 soaring 5.4%, marking its best performance in over a year. This rally differs from recent trends, showcasing broad participation rather than reliance on a select few mega-cap stocks. Key indicators, from net new highs to moving averages, paint a bullish picture. As our TA Market Health Gauge gleams bright green, signaling a very bullish environment, I delve deeper into the insights of the week ahead.

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History Is On Our Side

It’s Ross Givens, back with the Chart of the Day. Analyzing the S&P 500's historical performance, especially in years with a robust first-half surge, like the current one, reveals an intriguing pattern. While not an exact match, the current sideways movement mirrors past August to October trends, followed by a robust year-end rally. Daily fluctuations might be unnerving, but take solace in the historical trend favoring sustained growth. The added potential influx of trillions from sidelined money market funds signals a favorable outlook. Despite day-to-day uncertainties, rest assured, the broader historical perspective and market dynamics position us favorably in this ongoing rally.

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Impending Breakout Alert

It’s Ross Givens here with the Chart of the Day. Unveiling the intriguing dynamics of the small-cap Russell 2000 index, I've identified not one, but two compelling head-and-shoulder patterns. The classic bearish formation, breaking below the 200-day moving average, foretells a potential plunge. However, a recent twist reveals an inverse head-and-shoulder pattern, a bullish signal. The index is poised to breach the 200-day moving average 'neckline' once again.

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The Truth About This Market Rally

It’s Ross Givens here, back with the Chart of the Day. Diving into the AI arena, Palantir (PLTR) has been a powerhouse, surging in the first half of the year. After a consolidation phase, it's now smashing through its post-earnings pivot, aiming for unprecedented highs. I tipped off our premium members last Friday, and the trade is already reaping rewards. Yet, this could be just the tip of the iceberg—there's still ample time to ride the wave.

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The Next Generation of Superstar AI Stocks

Forget the Magnificent 7 – these 3 stocks are poised for HUGE moves in the next leg of the AI boom. Wall Street veteran Ross Givens just revealed the details…

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