Stocks are down slightly across the board but action is largely random as we kick off a new trading week packed full of earnings.
Volatility is also low, which tells us global markets have been relatively tame and stable, which is what we want to see.
We have crucial Consumer Confidence, GDP and Employment Data coming this week along with earnings. The more the market hones in on these reports instead of tariffs, the better off we’ll be.
The U.S. dollar is still below par, which means we won’t see major money coming into the U.S. markets until it gets back above 100.
Gold is still consolidating near the eight-day exponential moving average so I would wait and see before entering a new position…
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!
- Telegram:https://t.me/+_vmfwkeP8fA5YWQ5
- YouTube:https://www.youtube.com/@Roger-Scott/videos
- Instagram:https://www.instagram.com/thetradingpub/
- Facebook:https://www.facebook.com/TheTradingPubOfficial
- Twitter: https://twitter.com/Rogerscott1970
Important Note: No one from The TradingPub team or Roger Scott Trading will ever message you directly on Telegram.
P.S. If History Repeats Itself, the Market Could Close the Year in the Red!
You see, when the market loses over 15% of its value, it’s closed in the red for the year 81% of the time…
And now, we could be on the verge of something even bigger. But there’s a way to sidestep the upcoming chaos…
