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Markets Mixed to Kick Off What Will Be a Fragmented, Choppy Trading Week

by | Jun 17, 2024

Join me LIVE at 10 a.m. ET for my Pre-Election Forecast — and my SIX BIG projections!

We’re seeing more divergence to kick off the new holiday-shortened trading week, with the Nasdaq leading while the Dow is down. 

The stock market is closed Wednesday for Juneteenth, so markets will likely be choppy without a big directional bias. 

The bond market (TLT), meanwhile, is falling, and that will put some pressure on the stock market. Gold is currently consolidating and building a head and shoulders pattern — but it’s not time to enter a new gold trade just yet…

Wait for the bond market to fall to its 50-day moving average, or it will be a mistake to enter gold. 

Volatility is moving higher but still within range, and 42% of stocks are trading above their 50-day moving averages right now… But only 38% are above that line on the Nasdaq. 

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. Get My 6 Pre-Election Predictions!

Boy do I have some exciting things to share with everyone today…

I’m giving my six pre-election predictions, plus my top 3 election stocks, live at 10 a.m. ET today, June 17!

Don’t worry, we’re not going to talk politics. If you’ve been following me for any length of time, then you may know that politics has nothing to do with my market analysis. 

I talk about data and facts and trends, so we’ll cover things like election volatility, interest rates, and price projections for gold, crypto and oil… 

And more!

So get ready because we’ll be live at 10 o’clock — I also have a shocking year-end projection for the S&P 500!

Just Go Here to Join!

WRITTEN BY<br>Roger Scott

Roger Scott

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