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Bonds Are Stuck in a Range. That’s Bad for Stocks, But We Have Big Reports on Deck

by | Oct 21, 2024

We have a lot of Fed speakers on deck Monday, but since we’re in a deflationary period in the market, what they say is unlikely to be a major catalyst. 

The biggest data points this week will be Existing Home Sales and the Beige Book on Wednesday, and then Durable Goods and Consumer Sentiment on Friday morning. 

Earnings are also moving full-steam ahead — Tuesday is a huge day, and we have Tesla (TSLA) on Wednesday. 

I’m still skeptical about crude oil at this point and there’s a lot of resistance. I think we’ll continue to cool off and I’d be selling the weakest stocks in this sector. 

Gold, however, is still bullish but I wouldn’t buy at this point. I’d continue holding whatever gold you have as we rise above the moving average. 

I think the bond market is going to continue holding its current range, which is not helping the stock market at all right now…

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. What They’re Saying About Gamma Pockets…

Last week was INSANE as Kane Shieh and I finally released his proprietary trading edge, Gamma Pockets, to the world! 

And the feedback we’ve received? Incredible!!! 

“Got in on DHR & pulled out $350 on 1 contract 

in 2 days time. I’m very happy!” – Mark W. 

“I joined Gamma Pockets Yesterday. I am up 40% and 24% on his 

1st two trades and I used the concept to stay in T today and closed 

my options from .02 to .08 for a 300% win, thank you Kane!” – Daniel M.

“wow I use gamma pocket  to find amzn this morning, 

I am up for 30% less than 20 minutes” – Stephanie Y. 

Now that it’s Monday, the real question we are left with is… 

What stock are Gamma Pockets pointing to THIS WEEK?! 

That’s why Kane is holding a special solo LIVE session at 2 p.m. ET TODAY, Oct. 21, to uncover this week’s top Gamma Pocket stock. 

If you want the details on the stock — and possibly even the strike price these Gamma Pockets are leaning towards… 

Join Him at 2 p.m. ET! 

Then join Kane’s FREE Telegram so he can send you a login link once his live session begins: https://t.me/+5p04pfch7oZmZTNh 

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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