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New QQQ Highs, NFLX and FAANG Earnings, Bond Market, Big Fed Data, Up or Downside Action Ahead?

by | Jan 22, 2024

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

Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!

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. 

Go Here for More Details

WRITTEN BY<br>Roger Scott

Roger Scott

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