# The Truth About This “Market Weakness”

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Hey, Ross here:

As expected, the Fed held rates steady yesterday.

However, Powell was a little more dovish then I thought he would be – confirming that the next move is highly unlikely to be a rate hike, despite persistent inflation.

That’s a good sign, especially considering the longer-term trend is still healthy.

**Chart of the Day**

![](/wp-content/uploads/2024/05/image.png)

_Source: Grant Hawkridge via X_

This is an interesting chart that shows the percentage of stocks above key moving averages in a single image.

And as you can see, the longer-term moving averages are still healthy, while we’re seeing weakness in the shorter-term ones.

In short, we have short-term weakness amid long-term strength.

I explain what this means in the Insight of the Day.

**Insight of the Day**

**Short-term weakness amid long-term strength is an opportunity to increase potential gains by lowering entry prices**.

Bull markets are made by long-term trends, not short-term volatility.

Right now, the bull market is still intact…

Meaning the short-term weakness we’re seeing is merely a chance to pick up the leading stocks at lower prices…

Because once the longer-term trend resumes – as they usually tend to do – these are the stocks that are most likely to shoot up the fastest and highest.

That’s why **[tomorrow morning at 10 a.m. Eastern…](https://joinnow.live/s/66OIf3)**

I’m going LIVE for a masterclass that will allow you to target these leading stocks that are trading at a discount so you can maximize your gains in the coming rebound.

The key? A predictable “pattern” that all these leading stocks have.

But you have to act fast…

So make sure you **[click here to save your spot for my masterclass tomorrow…](https://joinnow.live/s/66OIf3)**

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

See you at 10 a.m. ET tomorrow.

Embrace the surge,

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

**Ross Givens**  
Editor, _Stock Surge Daily_