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Banks Continue Surge: Earnings Can Push Us Higher, But We’re Close to Overbought

by | Oct 15, 2024

Kane is revealing his No. 1 stock that shows a Gamma Pocket forming — join us at 1 p.m. ET TODAY!

Upside momentum has been strong and we’re getting close to overextended territory, with 372 stocks in 90-day breakouts along with low volume. 

That generally means the bulls are about to run out of steam, though, not always!

We’re also in the thick of earnings season, and banks have been very strong into this morning’s reports. 

We are likely to have more upside momentum at the open, in banks especially. 

Crude oil has continued breaking down, and it’s now below all its moving averages and VWAP levels. If you see an energy stock breaking down, which I’m not seeing yet, then they could be a good short opportunity. 

Gold is still in a holding pattern and volatility has been following…

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. LIVE at 1 PM ET: A Special Encore Session With Kane, and His No. 1 Hidden Gamma Pocket Stock!

I’ll be live with Kane again at 1 p.m. ET today, Oct. 15, and he’s sharing the No. 1 ticker with a “hidden” gamma pocket.

As you’ll see, this could be a real shot for us to target another 100% or more this week if things go as we expect.

We’ve already had real shots to cash in big week in, week out with some of the top huge winners like:

  • 117% on SNOW.
  • 122% on NKE.
  • 178% on USO.
  • 191% on CAT.

And a host of other juicy payouts. 

Granted, there were smaller wins and those that did not work out, and we cannot make any future guarantees as there’s always risks when it comes to trading…

However, I’m confident this stock could be a bang for our buck once we tap into its hidden Gamma Pocket.

We’ll See You Then! 

The profits and performance are not typical, we make no future earnings claims, and you may lose money. From 1/1/24-9/30/24 we have seen a 80% win rate on LIVE trades with a 55% average return of winners and losers and a 81% average winner over a 5 day average hold time.

 

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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