First, a quick note…
Mark your calendar for 11 a.m. ET on Wednesday, Jan. 30, because Nate, Jack, Graham and myself are holding a special roundtable discussion that you’re going to absolutely love…
People ask us all the time: “Where should I invest X number dollars in the market right now?”
So each of us will give our very best $500 trade idea. That’s right… nothing but juicy red meat trade ideas…
That’s FOUR different, actionable ideas about where we’d park $500 in the market that very day or week, and they’re yours just for tuning in.
You’ll get all the trade details like ticker, price target and even option criteria for each one of these positions.
I can’t wait to share mine, and I’m even more excited to see what everyone else is cooking up. So be sure and go here to save your seat!
Now for the morning breakdown!
The Nasdaq is soft premarket on the heels of Intel’s earnings miss — which is the main reason I don’t trade earnings!
Intel is a leader in chip space — which has been the hottest sector of the market of late — so I am not expecting a bullish day for the Nasdaq 100 (QQQ). I wouldn’t be surprised to see QQQ fall to its eight-day exponential moving average in short order, and that’s OK.
It needs a cooling off period, which would be healthy, before deciding if it’s coming back up or falling.
The positive this morning is the bond market (TLT), which is driving the stock market right now. As long as we don’t break the $92.93 level, we should be in good shape.
Tesla has been selling off big time, but I don’t think it’s done just yet before it starts moving higher again…
Keep your eye on the $193 level — if it hits that, it’s likely to gap higher again.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
Roger Scott Trading
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P.S. This Biotech Stock Could Be About to POP
There’s something extraordinary that I discovered in the stock market, a covert trend among specific tickers…
A phenomenon where the world’s most influential hedge funds simultaneously swoop in on ONE particular stock, creating what I call a “stealth surge.”
As you might guess, the big winners here are usually the institutions, those million-dollar hedge funds – the real heavy hitters in finance.
My research points to an imminent stealth surge about to impact a leading biotech stock in the next two weeks, potentially triggering a rise of 15% or more in that period.
Here’s the exciting part — I’ve discovered a strategy that allows everyday traders to get ahead of these institutions… BEFORE the stock takes off.
While I can’t guarantee future returns or safeguard against losses, I want to share this groundbreaking insight with everyone.
Don’t miss out on this opportunity…