# Should You be Greedy or Fearful?

Canonical: https://stocksurgedaily.com/should-you-be-greedy-or-fearful/

Hey, Ross here:

Hope you had a great Fourth of July weekend.

To start the week, let’s look at a couple of charts that could give us some clue as to what’s coming down the pipeline.

**Chart of the Day**

![](/wp-content/uploads/2024/07/image-2.png)

This chart is an indication of market momentum based on the 125-day moving average. It’s one of the indicators that go into CNN’s Fear and Greed Index.

Personally I prefer using the 50 and 200-day moving averages myself, but even with those benchmarks, there’s no denying the S&P 500 has strong momentum.

Now, let’s look at another indicator that goes into that same index.

![](/wp-content/uploads/2024/07/image-3.png)

This chart shows what percent of stocks are at 52-week highs compared to 52-week lows. 0% means they’re about equal.

And as you can see, right now, there are about just as many 52-week highs as there are lows – which is typically not a sign of strength.

So, one indicator is showing Extreme Greed – while another is showing Extreme Fear.

No wonder so many traders are worried that this bull market can’t possibly continue.

I explain what I think below.

**Insight of the Day**

****To profit from this bull market – follow the buyers****.

We’re in an extremely divergent bull market.

And with the question of rate cuts still up in the air, signs of a weakening economy – plus sentiment still whipsawing back and forth…

It can all seem a bit too complicated.

But let’s keep it simple with some first-principles thinking.

There’s only one thing that creates bull markets – **_buyers._**

No matter what kind of bull market it is, the action is where the buyers are.

If you know where the buyers are going, you know where the price is going.

I built all my trading strategies upon this truth.

And **[tomorrow morning at 11 a.m. Eastern…](https://secure.tradersagency.com/alpha/?tambid=24892)**

I’m going LIVE for a _brand-new_ masterclass that will show you how to detect when the _biggest_ buyers in the market are flooding into a stock…

Which will allow you to use their money for your profit.

After my new live masterclass tomorrow, you’ll know:

*   How to detect when buying pressure is building up in a specific stock…
    
*   Why most traders are blind to this buildup of pressure _(causing them to miss out on big gains)_...
    
*   And the exact point to jump into one of these “pressurized” stocks to go for maximum gains.
    

So make sure you **[click here to save your seat for my NEW live masterclass…](https://secure.tradersagency.com/alpha/?tambid=24892)**

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

I can’t wait to see you tomorrow morning at 11 a.m. Eastern.

Embrace the surge,

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

**Ross Givens**  
Editor, _Stock Surge Daily_