loader image

Bitcoin, Tech Stock Weakness, Blue-Chip Strength, Sector Watch, Fed, and My Hitlist

by | Apr 1, 2024

Over the past 62 years, the next two weeks have been the most bullish of the year, and the market is to kick things off this Monday. 

The bond market (TLT), meanwhile, is at the top of its current channel and looks ready to pull back. This will put pressure on tech stocks, though, blue chips have been holding up well. 

The biggest economic reports coming today are the PMI Manufacturing at 9:45 a.m. ET, then the ISM Manufacturing Index and Construction Spending at 10 a.m. We have a slew of Federal Reserve speakers on deck for Tuesday but I don’t think it will have much impact on the markets. 

The big stuff is coming later this week including International Trade in Goods and Services on Thursday, and the jobs report on Friday. 

Have semiconductors peaked out? I don’t believe so and if you look at Nvidia (NVDA), it’s holding on fairly well. If it breaks below the $846 level, that would be something to watch. 

Sentiment also remains strong…

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. Get My Top Economic, Sector and Stock Predictions for the Second Quarter

It’s April 1, the first day of the second quarter of 2024, and many traders are overwhelmed with emotions… 

When will we get a rate cut? Will inflation come roaring back first? Is a soft landing still on the table? 

So how about you? Are you feeling nervous about what could happen next in 2024?

However you feel now about what’s to come, I want you to be confident and prepared heading into this new quarter with the best tools possible, and with a game plan!

So I’d like to invite you all to my one-time, special event I’m calling “Fresh Highs: A Q2 Market Outlook,” live at 1 p.m. Eastern on Tuesday. 

During the session, I’ll reveal some of my top predictions, top sectors and, best of all, my No. 1 stock!

Save Your Seat Here!

WRITTEN BY<br>Roger Scott

Roger Scott

What to read next

Have any questions? Contact Our Customer Service Team

Share via
Copy link