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Breakout or Consolidation? Plus, My Top Sectors, Real Estate Stocks, Bonds, Tech and the Fed

by | Dec 19, 2023

The market is showing bullish signs but is also facing resistance, causing uncertainty about a breakout or consolidation.

There’s a good chance we’ll stay at current levels, and will be low for the rest of the year. The question is if we’ll plow through current resistance, or if we’ll remain stuck on the eight-day exponential moving average.  

Real estate, tech and bonds are key sectors to watch. Meanwhile, the Federal Reserve’s stance on interest rate cuts is also helping with the current market uncertainty. 

The bond market  and sector performance indicate potential future direction.

I’ll cover all that and more in this morning’s “Premarket Must Watch” video!

In today’s all-new briefing… 

I’ll discuss if we’ll see new highs or if a pullback is in the cards…. all eyes on the long bond… the Fed clarifies interest rate traction… the top sectors that are highly sensitive to the current market environment… navigating the markets the last two weeks of the year!

I’ll cover all that and more in this morning’s “Premarket Must Watch” video!

In today’s all-new briefing… 

I’ll discuss if we’ll see new highs or if a pullback is in the cards…. all eyes on the long bond… the Fed clarifies interest rate traction… the top sectors that are highly sensitive to the current market environment… navigating the markets the last two weeks of the year!

Roger Scott
Roger Scott Trading

Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!

P.S. The Days of Trading Blind Are OVER

I’ve been leveraging my new ProTrader Dashboard for all my trading since this summer, and the results have been phenomenal.

This is no run-of-the-mill indicator or scanner. Sure, it might seem like there’s a lot to take in at first glance, but trust me, it’s incredibly straightforward and easy to use. 

First, I give the market 30 minutes to settle down after the open…

This allows the dashboard to gauge a stock’s average true range. Then, simply run a scan for the strongest or weakest stocks of the day. 

Keep an eye out for those green and red arrows — they’re your go-to signals for when to jump in and out of trades!

And here’s the kicker: It even pinpoints first and second profit targets. Say goodbye to the days of trading in the dark.

I know you’re eager to dive in…

So Go Here to Discover More!

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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