Stocks are flat in premarket trading and not much is going on… Most institutional investors are waiting for Thursday’s Consumer Price Index inflation report before making any major moves, so today’s trading will likely be muted.
The key CPI number the market is looking for is 4% year over year growth or lower (excluding food and energy prices).
If it’s lower, it will really give the market a major boost. My major concern is still what the Federal Reserve will say about interest rates. The chances for a March rate cut have fallen to 66% for a 0.25% cut.
Also critical right now is the long bond (TLT), which is right at its 200-day moving average.
There’s also a wrinkle for today’s trading that you need to pay attention to…
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
Roger Scott Trading
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
- Telegram: https://t.me/+FlOoWSAseoFjNDUx
- YouTube: https://www.youtube.com/@Roger-Scott/videos
- Instagram: https://www.instagram.com/thetradingpub/
- Facebook: https://www.facebook.com/TheTradingPubOfficial
P.S. 1 Last Time, an Encore Presentation of My ProTrader Dashboard!
Folks, if you haven’t seen what my ProTrader Dashboard is capable of yet, today is the day!
I’ll show you exactly how it tracks institutional buying and selling in real time, all at 1 p.m. ET.
The dashboard is coded with three decades worth of my personal trading experience and expertise…
It’s part indicator… part scanner… and it couldn’t be simpler to use.
Here’s the best part: It’s helped us secure 64 wins out of 68 trades into this week in my Trading Pit that now has over 450 raving members!
Just click on the link below and I’ll see you at 1 o’clock sharp!