Earnings season is winding down, but there are still some heavyweights left to report including Nvidia (NVDA) and Crowdstrike (CRWD), and some important retail names like Best Buy (BBY).
Here’s a list of this week’s top players with expected volatility.
The biggest catalyst this week will be the latest gross domestic product report for the second quarter at 8:30 a.m. ET on Thursday, with GDP expected to be in a range of 2.7% to 2.9% quarter over quarter.
We’ll also see Consumer Confidence on Tuesday, and Personal Income and Outlays and Consumer Sentiment on Friday.
The Energy sector is caught between a rock and a hard place. Until it breaks above $84 to $85, I’ll be neutral on crude oil while it’s stuck in this range. It still has the 50- and 100-day moving averages above as resistance. Expect choppiness and consolidation…
I’m not seeing much turmoil ahead that could cause gold prices to fall. We’re lowering rates, which happens ahead of recessions and is generally good for gold.
This is a very important session to watch, especially all the way till the end!
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. I’m REALLY Excited About Tuesday…
As you know, I’m a big into “trading systems.”
That’s why I created both the Data Miner and the ProTrader Dashboard.
But one thing I haven’t created is an investing system…
And that’s not because I don’t want to, it’s that they’re just much harder to build.
But just recently, I got my hands on what might be the best stock system ever created…
And that’s no puffery.
The system that I’ll share with you is currently being used by some major players on Wall Street including Goldman Sachs, Merril Lynch and Morgan Stanley.
It was awarded a patent from the U.S. government, and even proven to work by Harvard Business School.
In fact, the man who built the system says it helped him beat out 16,000 market professionals to become the No. 1 ranked stock picker in North America on a website called SumZero.
And this Tuesday, we’re going to share his system with you!
Not only will we test some of our favorite tickers against it, but we’re also going to hear the details behind our guest’s No. 1 recommendation right now…
From what I understand, this recommendation is perfectly positioned to thrive regardless of who takes the White House, or if the market takes a turn for the worst.
