loader image

Are We Pulling Back or Breaking Down? Key Levels, Fed Data, Volatility, Bonds and My Hit List!

by | Feb 14, 2024

Join me LIVE at 1 p.m. Eastern for the 60-second trade that anyone can place to target extra cash — I’ll even have a trade for everyone in attendance!

The market sold off hard on Tuesday following the latest inflation data, but things are looking up Tuesday — so are we pulling back or breaking down? 

I’ve been discussing why I think the bond market (TLT) is breaking down. It was up significantly this morning, which tells us the Federal Reserve has no business even discussing lowering rates at this point. 

Which is of course why the market sold off so hard Tuesday — on fears that we won’t get a rate cut as soon as May, which seems more unlikely now. 

The problem with whether we’re just pulling back or if Tuesday was the beginning of a breakdown is we just don’t know yet…

While things look bullish again this morning, after the market sold off on the Consumer Price Index, it rallied after that but then fell again soon after. 

A lot of folks got taken to the cleaners on this fake out, so be cautious!

The critical level we need to watch is Tuesday’s open. If we don’t take it out, we could be in deep trouble.

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. Have You Seen My ‘60-Second Trade’?

So many people haven’t caught on yet, but there are some at-the-money options fetching a pretty penny in premium right now.

And there’s a specific trade that takes me just 60 seconds to place…

I can’t make promises about future gains or shield you from the risks of trading, but we’ve hit on 18 winners in a row, and the track record speaks for itself. 

And here’s the kicker: Executing this strategy doesn’t require you to have decades of trading experience like me…

You don’t need to be an expert in the complexities of options trading…

You don’t need a seven-figure account balance…

And you don’t need to dedicate every waking hour monitoring the markets…

Setting up this play? It’s quick and straightforward, just a few clicks and you’re in the game…

Join me for the full rundown at 1 p.m. ET…

I’ll Also Have a Free Trade for Everyone!

WRITTEN BY<br>Roger Scott

Roger Scott

What to read next

Have any questions? Contact Our Customer Service Team

Share via
Copy link