Markets are looking up to begin the new week, and while earrings are almost to the end, we still have a few interesting plays to come
We have Oracle (ORCL) today, GameStop (GME) Tuesday, Kroger (KR) on Wednesday and Adobe (ADBE) Thursday, all after the close.
Stocks are up nicely, recovering a big chunk of Friday’s losses, when it sold off because there was such low liquidity. I’m looking for us to recover 50% or more of what we lost on Friday, and to make sure we don’t break the low.
That’s what institutions look for before they go long, and I’ll cover the important levels in this morning’s video!
Aside from that, we have the latest Consumer and Producer Price Index reports coming at 8:30 a.m. ET on Wednesday and Thursday, respectively, which are likely to move markets once again.
I don’t see institutions making any big bets in either direction until we see these reports…
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. LIVE on Tuesday: How to Spot Undervalued Stocks With the ‘M Spike’ Trading Tool
There’s a lot of chaos surrounding us these days…
War, resurging inflation, rate hikes or cuts, and especially the upcoming presidential election.
All of these ongoing and upcoming events means there’s bound to be a lot more market volatility than usual…
And more volatility means more opportunities — more chances to spot stocks that are extremely under- or overvalued…
Which is exactly where the “M-Spike” trading tool comes in…
One of the things I really like about this tool is…
It helps guide you on when to buy, when to hold, and when to sell… taking the guesswork and emotion out of the equation…
And according to our research, it has outperformed major benchmarks like the S&P 500 by 3 to 1, with four times less drawdown.
Granted, I cannot promise future profits or shield against losses but…
If you’re interested in learning more about this game-changing trading tool tomorrow, follow this link.
Join Me on Tuesday!
P.S. I’m also going to reveal the next three trades the “M-Spike” is signaling as a FREE bonus.
*The profits and performance shown are not typical. We make no future earnings claims, and you may lose money. The trades from the indicator involve historical backtesting to demonstrate the potential of the system. From January 2013 – December 2023, the M-Spike produced a backtested annual return of 12.96% per year. We cannot guarantee any specific future results, as there is always a high degree of risk involved in trading. See our Terms on the ProsperityPub homepage for more information.
