Stocks are down across the board with tensions rising in the Middle East and after a Boeing 787 Dreamliner with 242 passengers aboard crashed in India.
PPI, the jobs report if it’s starting to rise, tariffs, Middle East, Oracle (ORCL), retail stocks and the Boeing plane crash in India are serving as the day’s major catalysts.
Crude oil is rising because nuclear talks with Iran seem to be falling apart. The U.S. is reportedly withdrawing military personnel from Baghdad, Kuwait and Bahrain.
The U.S. dollar was already below par, and now it’s also breaking down further because there is still way too much uncertainty around Trump’s tariff policies and a potential trade deal with China. This is going to be a big problem if the dollar keeps falling.
The bond market (TLT), meanwhile, is going higher — this is a flight to quality as people take money out of the stock market and put it in bonds.
I’m still bullish on gold until we get to the upper end of the current range. If it can get above current resistance at $3,410, I’d go long again…
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. These 0DTE Setups Cost Less… and Can Pay More
Something fundamental has changed in the options market since May 9, 2023. That’s when the CBOE approved a new type of daily option — 0DTE — that’s reshaping how the smartest traders approach the market.
These 0DTE options now make up more than half of the S&P 500’s daily options volume.
There’s a reason…
While regular options on stocks like Nvidia or Apple might cost $2,000+ per contract, 0DTE options on SPY can cost as little as a hundred bucks. And when I figured this out, everything clicked.
Earlier this month, one SPY 0DTE setup returned 57% in 53 minutes. The same move with traditional options?
Just 5%….
Most traders are missing these opportunities because old indicators like RSI and MACD lag behind price action. That’s why I built a tool that detects internal momentum before breakouts, identifies SPY’s expected range and helps spot potential 50%+ setups multiple times per day.
We’ve seen incredible results in beta. If you want the full breakdown…
The profits and performance shown are not typical. We make no future earnings claims and you may lose money. The trades shown are from live signals issued by the Alpha Zone Pro alerts platform. Since Alpha Zone Pro is a tool for traders and not a trading service, profits and performance will vary among users.
