Once again, the Nasdaq is up big with some follow through momentum from last week…
We have a clear blue path higher, but do I think we’ll keep rising?
No, of course not. I believe we’ll have a pullback, but I like what I’m seeing and I think until we get some negative news, momentum will keep things moving steady.
The bond market hasn’t been lending a helping hand so far, and who could have seen this coming…
But the chances of an interest rate cut have now fallen to 44% — just like I said.
And I think these chances are eventually going to fall all the way to 0%…
We also have a lot of Fed reports coming this week, along with a boatload of earnings.
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. I See Opportunity Brewing in This Stock…
According to the CDC, the U.S. is beginning its second largest COVID-19 surge ever.”
I know we’re all sick and tired of hearing about COVID, but traders trade what’s in front of us, and this is an opportunity!
And I have new data that suggests Moderna could surge 15% or more in just a couple of short weeks.
