Join Roger LIVE at 1 p.m. ET TODAY to see exactly how he knew there was a strong bullish bias in the S&P 500 after St. Patrick’s Day.
Markets are up BIG to kick off the new trading week, and it’s way beyond random…
The levels to watch in the S&P 500 (SPY) is around $515 and then the upper area near $517.50. For the Nasdaq 100 (QQQ), we need to break the $444 level, and then $447 to expect a real move higher to follow.
When we get the opening pop on days like this, I like to find the weakest stocks and ride the gap back down. Then after the first hour or so of trading, you want to find the strongest stocks and ride the strength in the market.
The reason I don’t trade the first half-hour is because there’s a lot of crappy action that often reverses.
So when the market opens super strong in a crappy market, you want to find the weakest stocks. If the market is opening down big, you want to find the strongest stocks.
We don’t have much in the way of economic reports but the Federal Open Market Committee meeting begins Tuesday and we’ll find out the interest rate decision at 2 p.m. ET on Wednesday, followed by comments from Chair Jerome Powell at 2:30 p.m. ET.
We won’t get a rate cut, of course, but we may glean some info on where the Fed stands at this point on future cuts. Expect a subdued market until then.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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P.S. WORLD PREMIERE at 1 p.m. ET TODAY!
At 1 p.m. ET today, March 18, I’m revealing the revolutionary new tech that’s unlocked decade-old “hot spot dates” on popular stocks that have the potential to return triple digits in a matter of days.
For those who’ve been riding along on this trading journey with me, you’re probably well aware that I’m always on the prowl for the next big advantage — always tweaking and perfecting strategies while on the hunt for the next big thing.
Well, folks, I’ve hit on something big yet again!
And at 1 o’clock today, I’m rolling out the red carpet for a groundbreaking piece of trading technology I’ve developed.
This bad boy unlocks the power to pinpoint the most opportune moments to dive into a stock, year after year — I call these golden opportunities “Hotspot Dates.”
These dates circle around specific periods that I’ll reveal later today. And jumping in just before these “Hotspot Dates” might just set you up for some swift and sweet gains, often within a matter of days!
