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AVGO Earnings, Momentum Levels, Fed data, Bonds, Gold and Fast-Moving Stocks!

by | Sep 3, 2024

Stocks are down following the Labor Day holiday, and this is the week we typically see institutions start moving into the market, which I don’t believe we’ll see till Wednesday afternoon.

Since the market was closed Monday, today will likely be a rebalance day with little firepower.

The big, BIG economic reports this week will be the unemployment rate and average hourly earnings year over year. 

Another major thing on the horizon is the number of stocks in 90-day breakouts, which is near 400 — making overbought territory. 

Earnings season is also nearing its end, with a bunch of retail names like Dick’s (DKR), Dollar Tree (DLTR) and more reporting, reporting this week. Broadcom (AVGO) will also be important to watch after the close on Thursday, which will be a reflection of chip stocks like Nvidia (NVDA). 

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!

P.S. Don’t Miss Graham’s Q4 Forecast at 1 p.m. ET TODAY!

Hey there,

My good friend Graham Lindman will be going LIVE at 1 p.m. ET TODAY, Sept. 3, to make one of his boldest predictions yet…

Here’s a taste of what’s coming:

  • The REAL state of the economy (not the sugar-coated version the media feeds you).
  • What the Fed’s up to (and how to potentially profit from it).
  • How to make this election volatility work for you.
  • The truth about gold, oil and, yes… even crypto.

And if you know Graham, then you know he’s always in the habit of giving more, so when you join in today… 

H’es promised to also serve his top 3 diversified picks on a silver platter… And from what I can see, he’s targeting a 100% ROI on EACH one of those.

If you want to end the year and make Q4 one of your best…

You Don’t Want to Miss This!  

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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