Recent trading action has been listless at best in a market with no rhythm.
That tells me it’s looking for a direction, and everything is fragmented, rotating between blue chips and tech stocks — back and forth.
The way the major sectors are performing is totally out of whack…
Semiconductors are leading at the top but the Nasdaq 100 (QQQ) is way down the list, along with energy stocks.
It makes absolutely no sense, and everything is fragmented!
Whenever you see a market like this, you can tell it’s not trading on its own volition. It’s functionally burned out, and that’s why it’s mostly just going sideways right now.
In order to find a directional bias, we need a catalyst…
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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P.S. How to Follow Real-Time, Institutional Buy and Sell Signals
I spent the better half of 2023 developing what might be the most advanced tool that exists for retail traders.
It’s about 3,000 lines of code that tracks institutional buying in real time, giving us real-time signals that actually matter.
All we have to do is ride the coattails of these massive orders and we can target endless opportunities — without leaving money exposed to the markets for too long.
And in case you didn’t already know…
That’s exactly how over 500 of my traders have nailed about a 95% win rate on over 100 live alerts.
And while I cannot promise future returns or against losses…
The good news for you is that the very next trades drop today!
