# The Bears are Still Here (It’s a Good Thing)

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Hey, Ross here:

And let’s look at a type of trade idea we haven’t seen in a while.

**Chart of the Day**

![](https://stocksurgedaily.com/wp-content/uploads/2023/07/Screenshot-2023-07-21-at-11.18.37-AM-1024x646.png)

Hims & Hers Health (HIMS) is a potential short trade that could deliver a nice gain if the market pulls back. I am still focused on buying opportunities, but it never hurts to be prepared for the other side.

Some of you may remember this as a stock I was looking to buy a couple months ago.

Oftentimes, the best short ideas come from stocks on my long watchlist that fail.

HIMS tripled from October to April but began rolling over after a poor earnings report at the beginning of May.

Not only did the stock fall on above-average volume, but even a 33% discount has failed to attract buyers.

HIMS has formed a support shelf near the $8 level. A move below that would trigger a lot of stops, making it an ideal place to sell the stock short.

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[![](https://stocksurgedaily.com/wp-content/uploads/2023/07/image-1024x550.png)](https://gamemasterinvesting.com/war-room/vsl/?tambid=19988)

**Breaking:** Big ticket investors are rushing into this $3 “AI wonder stock”

**[Check out how to join them right here.](https://gamemasterinvesting.com/war-room/vsl/?tambid=19988)**

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**Insight of the Day**

**Despite what you may think, there’s still PLENTY of bearish sentiment in the market – which creates opportunity**.

I’ve been banging the table about the new bull market since the beginning of the year.

And given the market’s bear-crushing performance this year, you would think that bullish sentiment currently predominates – that all the bears have been flushed out entirely.

Well, you would be wrong.

Take a look at Wall Street’s year-end price targets for the S&P 500 _(which have already been revised after the market’s strong first half performance)_.

![](https://lh3.googleusercontent.com/qAJ17jo2buDI_sz8pOb4xu9SbIF1bkxr3WQeepU10xBQdxB1-ZMVhQtC_tGx9qK8kmTQ_4lJ9oTG1V25sCb0n-V0545jzTLSa-JjoIKmxD5Qob1sZuMWOQjmIf0YTOcnM9T_kNhY0MS5dhkxAzmrfQg)

Notice how most of them are STILL below the S&P 500’s current level of 4,567?

This means most strategists still think the market will go down this year – proving that there’s plenty of bearish sentiment left.

For me, this is _good_ news…

Because with good positioning, we can profit as these bears get flushed out.

My flagship strategy is _perfect_ for doing this, as it relies on getting in just when the market is consolidating – aka shaking out the bears – right before the big move higher.

On top of that, we’re also using the big institutional money – of which there are trillions still sitting on the sidelines – to time our entries and ride stocks higher.

That’s why I believe the _best_ opportunities for 2023 are still to come.

So if you want to profit from the bears with this strategy, make sure you **[click here to find out exactly how to do that.](https://gamemasterinvesting.com/stealth-trades-5-order/?tambid=18913)**

Embrace the surge,

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

Ross Givens  
Editor, **_Stock Surge Daily_**