Stocks are relatively flat this morning but the major indices are starting to show some weakness.
I warned everyone Thursday that the market is getting “toppy” and how important sentiment is.
We then huffed and puffed for much of the day before petering out the last couple of hours into the close.
We have 495 stocks that are breaking out, if that better clues you into how overdone we are. It’s very hard for stocks to generate anymore directional momentum at this point.
What I don’t like is the Nasdaq 100 (QQQ) made a new high and then fell right back down, which isn’t good. The same thing happened in the S&P 500 (SPY).
I just don’t think the market has any juice left to go higher…
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. You Have to See These ‘Hotspot Dates’ for Your Favorite Tickers!
What a whirlwind we kicked up with our “hotspot dates” tech debut!
The buzz was so big, we practically broke the internet. If you missed out, don’t sweat it — I have something just as valuable up my sleeve…
I’ve been deep in development mode for the past nine months, crafting a tool that’s a game-changer for traders like us. It zeroes in on “hotspot dates” for stocks, pinpointing when they’re likely to see tradable action.
Here’s the deal: It’s about spotting those big green windows that signal when a stock is most likely set to climb. All a trader needs to do is make their move just before the window opens.
While I can’t bring you back to the live buzz, I can offer the next best thing…
