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50-Day Breakout, Energy, Gold and the Dollar, Top Stocks, Sectors and Key Levels!

by | May 6, 2024

Stocks are up nicely as we’re seeing some follow through from Friday’s strong trading action. Monday’s are typically a rotational day, especially after a big trading week. 

It’s not a huge week for Federal Reserve data, but we do have several Fed speakers on deck — and these guys love to talk. The biggest report is Consumer Sentiment on Friday. 

We also have another big week of earnings with Disney (DIS), Tyson (TSN), Datadog (DDOG), Rivian (RIVN), Uber (UBER), Airbnb (ABNB) and more on deck.  

Go here to see the expected volatility for the most important companies! 

Apple and its $110 billion buyback was the big  catalyst late last week for both the market and the company. The nonfarm jobs report late last week also came in very weak, which gave the market a boost on renewed hopes that we’ll see a rate cut sooner than later.

The market is pricing in a fall rate cut now, with a quarter-point cut having about a 49% chance in September. 

I’ll cover all that and more in this morning’s “Premarket Must Watch” video!

Roger Scott
Roger Scott Trading

Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!

P.S. Today’s the Day — Get My ‘Big Picture 2024’ Summer Forecast!

You know I steer clear of politics around here. Our focus is on market education and making money, period. 

That said, the upcoming 2024 election is a different beast — it’s going to be a major catalyst for the markets no matter who wins. 

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Join me at 1 p.m. Eastern today for an exclusive event where I’ll unveil my strategy to capitalize on this volatility. 

I’ll also reveal my top stock pick for the election, and the sector I’m betting will surge as we head toward November.

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Get In on Today’s Action!

 

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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