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Just a Few Stocks Are Driving Us Higher While the Numbers Say We’re Almost in a Bear Market

by | Jun 20, 2024

Stocks are up big premarket, and I’m starting to wonder if this is the last squeeze higher before the market starts selling off. 

We keep going higher and higher on the back of just a few stocks. Meanwhile, only a few of the biggest stocks are really moving. 

On May 20, we were at 5,330 in the S&P 500 and 60% of stocks were trading above their 50-day moving averages. Today, that number is just 37% while whe market has risen to 5,510. 

About 51% of stocks across all markets are trading above their 200-day MA, and when that falls below 50%, that’s the textbook definition of a bear market. 

This is a major, major problem. 

I’ll go over the stocks that are pushing everything higher…

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!

P.S. How to Shadow Top Wall Street Firms in Real Time

In a few hours, I’m showing everyone the uncommon way I’ve been helping a group of over 950 traders track hedge fund buying as it’s happening! 

As you’ll see at noon ET today, this unique way of following in the footsteps of top firms has helped me lock in over 180 wins with a 95.7% success rate…

And the great thing about the market is there are practically an infinite number of trading opportunities yet to come!

Obviously, I can’t guarantee future returns on these tickers, or against losses.

But if you’d like me to fill you in on exactly how we track hedge fund buying in real time…

Then Join Us at Noon ET TODAY!

The profits and performance shown today are not typical. We make no future earnings claims, and you may lose money. From 10/30/2023 to 6/13/2024 the average win rate is 95.7%, and the average return per position (winners and losers) is 12.72% with an average hold time of less than 24 hours on the options.


WRITTEN BY<br>Roger Scott

Roger Scott

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