Markets are strong this morning after a host of economic reports, and we look ready to gap up…
We have Jobless Claims, Retail Sales, the Manufacturing Index, Industrial Production and Housing Market Index and the Petroleum Status Report all hitting the market this morning between 8:30 a.m. ET and 11 a.m.
We also have a full slate of earnings today, and Netflix (NFLX) reporting Thursday after the close, which could be big.
Crude oil is sticking in the same area and I believe it’s about to come down. Bonds, meanwhile, are starting to come up, which would be good for utilities stocks because the 10-year note has an inverse relationship to interest rates.
So if the 10-year goes down, yield goes up. And if interest rates go down, people buy utilities.
I believe gold is prepared to hit new all-time highs…
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
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P.S. Get Kane’s Top 2 Gamma Pockets Stocks and the Strike Price He’s Targeting LIVE at Noon!
I’m going to bring Kane up again today at noon ET to give you the top 2 stocks on his Gamma Pocket watchlist — and the strike price he’s targeting…
The way I see it, Wall Street could be making several large orders on both stocks.
And if that happens, we might see a repeat of the Snowflake situation… where Wall Street was “forced” to buy millions of dollars in Snowflake stock…
Sending its share price from $186 to north of $200 in a matter of days!
Anyone could have taken 30 seconds to place a quick trade to front-run this move like Kane did… then wait for the stock to hit the Gamma Pocket strike price…
And boom! That would have been a double and then some in just five days.
Granted, there were smaller wins and those that did not work out, and I’m not saying we’ll see the exact same results with the two stocks Kane will give you today.
But if you want in on today’s top 2 stocks and their Gamma Pocket strike prices, save this link and join us at noon today.
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.
