The trillion-dollar question today is: Are the markets going to succumb, or rally really hard?
Things are looking OK overnight, but I’m worried that the market will open up and just start sinking back down, inch higher for two or three days, and then fall off big again.
I don’t believe today will be a strong down day, but be very careful. Don’t get suckered into thinking the market’s about to surge higher, only for it to be a bull trap.
Crude oil is lower today, and that’s not a good sign for the market. Energy up means we’re recovering. Energy down could be a recessionary signal.
If you see crude oil start moving up to the eight-day exponential moving average, that’s a good sign.
The key level to watch in the VIX is 34.75. If it breaks higher, then we’re back in the grinder…
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. ‘Wealth Windows’ for 3 Stocks Just Opened!
Did you catch my biggest event of the summer?
If you missed “August Seasonality Surge” on Monday, it’s not too late — you can watch the recording right here.
You’ll want to do it ASAP because Jack and I just gave away THREE stocks with “Wealth Windows” hitting as soon as TODAY, so it’s very time sensitive!
This means these stocks could be gearing up for an explosive move to the upside, just like they have year after year in the past…
And that’s based on DECADES of data!
Now, I don’t want to reveal all the secrets in this short email…
And of course, I cannot promise future returns or against losses…
But if you want the tickers of these three stocks and see our specific trading plan for free…
Watch August Seasonality Surge Here!
The profits and performance shown are not typical and you may lose money. The trades expressed are based on historical signals from the new Data Mining Software to demonstrate the potential of the trading tool. While we have been using the Data Mining Software with great success, we cannot guarantee any future results.