>>>LIVE AT 9 A.M. ET TODAY!<<<
Earnings season may be winding down, but we still have a huge stock reporting earnings today in Broadcom (AVGO), which could have a big impact on sinking chip stocks.
This stock will be watched very closely because of the AI investing craze, and whether or not it’s nearing the end of its euphoria phase. If you look at the trajectory of semiconductor stocks over the past half-century, AI is just the next step.
Wake me up when we have robots that can clean your house from top to bottom and real self-driving cars, let me know.
Until then, it’s all just marketing hype like internet stocks in the mid-1990s… and no professionals are really using AI for trading yet, believe it or not.
Real AI — like the Terminator movies — won’t be here for another 30-50 years.
Crude oil is still below all the major moving averages and support levels…
I would only go for the weakest stocks in this sector for a short, and VAL seems to be the worst stock in the sector, and I would not go long just yet.
Bonds are on the move this morning after private payrolls came up short of expectations…
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. Our Trading Power Hour Session Goes LIVE at 1 p.m. ET TODAY!
I hope you woke up excited for today’s LIVE trading session.
I’ll fire up my computer so you can watch as I scan the market for red-hot trade setups.
I’m talking about the same stocks Wall Street whales are most likely watching on their monitors today… And we’ll be trading them LIVE at 1 p.m. ET TODAY, Sept. 5, while I’m on the air.
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I’ll be using a special all-in-one tool that’s helped me enjoy a 95.6% win rate on over 200 trade alerts.
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Of course, I can’t promise future returns or against losses…
But I know you’ll love today’s live Trading Power Hour later today.
SPECIAL ONE-TIME BONUS: I’ll even give everyone my No. 1 options trading idea of the day — absolutely free! — when you join me during the call.
Stated results are from options selected with the benefit of hindsight since they were applied to real published stock signals from 10/30/23 – 9/3/24. The result was a 95.6% win rate on 230 trade alerts, with an average return of 12.3% including winners and losers and average hold time of less than 24 hours. Performance is not indicative of future results. Trade at your own risk and never risk more than you can afford to lose.
