Stocks are relatively flat to kick off election week, with the general election likely to present a lot of volatility.
But the reality is that it’s next to impossible to tie certain stocks to potential winners and losers – follow price action!
Money goes where it’s treated best and has no loyalty.
In terms of Fed data this week, I don’t think anything will be as significant as the latest FOMC rate cut announcement at 2 p.m. ET on Thursday, and comments from Chair Jerome Powell at 2:30 p.m.
I expect to see a lull on Wednesday following the election and ahead of what’s coming Thursday.
We also have some pretty big earnings coming this week, including a few chip stocks, that could provide some juice.
The 10-year Treasury note is up today but I’m still bearish on bonds, and I cannot wait to hear what Powell is going to say about this…
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
P.S. No Matter Who Wins the Election, We Can Still Win Both Ways!
It’s almost Election Day, and many Americans are on the edge of their seats…
But here’s the thing…
No matter who wins, the market is gearing up for a BIG spike in volatility!
That’s why I’m excited about this “Win Both Ways” Election Trade!
You see…
Unlike most traditional trading strategies that require you to guess which direction the stock will go…
This one allows anyone with a regular brokerage account to target individual gains of 136%… 178%… and even 188% in just a few days.
Without having to guess whether the stock will go up… or down!
Of course, I can’t guarantee wins or prevent losses…
But with both the election and the Fed’s interest rate decision this week, it doesn’t matter which direction the market or stocks go.
I’m just waiting for the “Win Both Ways” trade to signal the move.
Go here to secure your spot and get notified when I reveal the ‘Win-Both-Ways’ Election Trade LIVE this November 5th at 1pm.
The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. The trades expressed are from historical data in order to demonstrate the potential of the new system.
