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New High On S&P 500 or Consolidation and Chop? COST Earnings, Small Caps and Critical Levels

by | Dec 15, 2023

The market is at a critical level with the potential for consolidation or breakout, creating a low-probability trading environment, especially for swing trades.

The major indices are all up this morning and it’s borderline beyond random. The S&P 500 hit a new record high but may consolidate or break higher, leading to high volatility and momentum.

We are likely to see some chop, with sustainability in question due to the big gains we’ve seen the couple of days since the latest FOMC interest rate announcement.

Interest rate-sensitive sectors, home builders, retail and small caps are performing well.

I’ll cover all that and more in this morning’s “Premarket Must Watch” video!

In today’s all-new briefing… 

I’ll discuss if we’ll see new highs for markets or choppiness and consolidation… if bonds will bounce off the 200-day line or back away… the next major catalyst for the market… which sectors are running up with the market fast… key levels you need to know about right away… and if small caps are ready to fire off?

P.S. Why You Must Know If a Stock’s ‘On the Clock’ Before Buying!

Many traders dive into stock purchases without being clued in on their “profit dates.”

This often leaves them vulnerable and caught off-guard when the stock hits a downward spiral, seemingly out of the blue.

Ever found yourself in a pickle like this, holding a stock that seemed solid, only to watch its value plummet for no apparent reason?

Chances are, you’ve been caught up by this very phenomenon.

However, there’s a twist to this tale… By pinpointing these crucial profit dates, you can shift the odds in your favor…

And, with a bit of savvy and timing, you could turn the tables…

Keen to learn how to identify these pivotal profit dates in stocks? 

Get the Details HERE!  


WRITTEN BY<br>Roger Scott

Roger Scott

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