We have a lot of market-moving news this week including Retail Sales, Jobless Claims and Industrial Production to watch on Thursday, and Housing Starts on Friday.
We also have a lot of Fed speakers, and a slew of earnings reports on deck.
As far as what’s driving the market right now, it’s the upcoming election and tensions in the Middle East.
Crude oil is doing very little, and it’s near every crucial moving average, which means it’s probably going to consolidate.
Gold is above its eight-day moving average and almost back to my buy level around $2,680…
A lot of folks aren’t going to be trading today because it’s Columbus Day and the bond market is closed but the stock market is open.
And the stock market gets its juice from the bond market, so it’s likely to be a slow day of trading…
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. Check Out This Can’t-Miss Track Record!
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Make sure your seat is saved!
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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.
