>>>Don’t miss out an on action- and information-packed session in today’s VIP Trade Room — I’ll see everyone at noon ET!<<<
Stocks are mostly flat but well off the overnight lows as we head toward the open, with tech leading.
We have Factory Orders and JOLTS reports at 10 a.m. ET, Dollar General (DG) earnings, OECD’s lowered global outlook, tariffs, nuclear energy, Fed speakers and an ASML Holding NV (ASML) downgrade that will all serve as today’s market- and/or sector-moving catalysts.
DG is up over 9% and could move Consumer Staples and supermarket stocks — Dollar Tree (DLTR) is on deck to report tomorrow.
Additionally, the U.S. dollar is still below par and the eight-day exponential moving average. The bond market (TLT) is right at the eight-day exponential moving average.
Gold, however, is above its eight-day EMA and I would continue holding any current positions until it gets around $3,466 an ounce. I think once we get up there, we’ll make a triple top and likely come back down some.
Bitcoin is consolidating and I believe it’s likely to come back for another leg higher. Then the question will be what happens once we get back near the recent highs.
Crude oil is rising because of what’s happening with the Ukraine-Russia war.
I’ll cover all that, my daily hitlist of longs and shorts 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!
- Telegram:https://t.me/+_vmfwkeP8fA5YWQ5
- YouTube:https://www.youtube.com/@Roger-Scott/videos
- Instagram:https://www.instagram.com/thetradingpub/
- Facebook:https://www.facebook.com/TheTradingPubOfficial
- Twitter: https://twitter.com/Rogerscott1970
Important Note: No one from The TradingPub team or Roger Scott Trading will ever message you directly on Telegram.
P.S. Don’t Miss Today’s VIP Trade Room!
We’re diving into the ProTrader Dashboard at noon ET…
We’ll cover how to spot sector accumulation in real time, apply multiple time frame analysis to find top stocks, measure support and resistance accurately, and identify the right options to trade.
Then we’ll walk through the most unfair advantage tool step by step — so you can start using it to improve your trading right away!
