Markets have been trending at new all-time highs, so it’s time to consolidate…
Stocks are mostly flat heading into the open Wednesday, with some important earnings on deck for today. Fed data is pretty light until Jobless Claims before the open Thursday along with Retail Sales, Fed Manufacturing and Industrial Production.
None of these reports on their own are likely to make a splash, but they have a lot more oomph all together.
I warned that crude oil was breaking down, though later than expected, and there are two energy stocks I’ll share in today’s video!
The bond market is turning higher, and the next target is the quarter-to-date VWAP — if bonds go higher, it will reduce yields on interest rates, which will make utilities stocks go higher.
It will also give more bullish bias in the financials and Russell 2000 small caps…
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. [Replay] The Gamma Pockets Briefing
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We admit…
We’ve been blown away by the response!
Honestly, our jaws dropped to the floor when over 150 traders joined Kane in the first TEN minutes this strategy was available.
But a strategy capable of targeting 100% moves in five days or less, over and over again, doesn’t come around very often.
And while we can’t guarantee any future returns or prevent losses, Kane wants to teach you exactly how to follow his next trade alert.
Disclaimer: 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.
