Stocks are up slightly and we have a slew of Fed speakers on deck while trade talks with China begin to heat up.
Trump is now calling for 80% tariffs ahead of talks but said it’s up to Treasury Secretary Scott Bessent, who is set to meet with Chinese counterparts in Switzerland.
The tariffs on China are currently 145%, but 80% isn’t exactly tenable either.
The Nasdaq 100 (QQQ) is on the verge of breaking above its 200-day moving average, which would be critical for another move higher.
Bitcoin is also breaking out, which is causing me to pause on U.S. stocks. If Bitcoin and gold keep rising, that signals less confidence in the dollar, which is of course bad for the stock market.
We don’t have any major earnings reports today, but still plenty more coming next week…
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. This Signal’s Been Right 19 Times In A Row — and Just Flashed Again Before Fed Day
A pattern so reliable it defies statistical probability (19 consecutive correct signals) just flashed before tomorrow’s Fed announcement.
Two specific stocks are showing the exact setup that historically surges after this signal appears.
