We’re still seeing divergence this morning, which is always a big red flag…
If you have half of the market going down and half going up, you’re going to get no directional bias — it’s usually nothing but chop, which doesn’t make for great day trading.
What I’m hoping for is the Dow will snap back and get in line with the Nasdaq.
The other red flag is the Consumer Price Index inflation report coming at 8:30 a.m. ET on Wednesday, followed by the Producer Price Index at the same time Thursday.
What’s priced into the market right now is bad reports based on the projections, which say consumer prices haven’t made any progress in coming down over the past year. In fact, prices are likely to be higher.
The main question I have is if inflation is worse than it was a year ago, then why is the Fed cutting rates?
We also got some bad earnings from Toll Brothers (TOL), and it’s now below its 50-day moving average. Homebuilders may be a good target for some downside trades…
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
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
- Telegram: https://t.me/+_vmfwkeP8fA5YWQ5
- YouTube: https://www.youtube.com/@Roger-Scott/videos
- Instagram: https://www.instagram.com/thetradingpub/
- Facebook: https://www.facebook.com/TheTradingPubOfficial
- Twitter: https://twitter.com/Rogerscott1970
Important Note: No one from The TradingPub team or Roger Scott Trading will ever message you directly on Telegram.
P.S. Can Anyone Target BIGGER Returns Overnight Than This?
Just recently, trading legend Tom Busby walked me through a new type of trade that anyone can take from their standard brokerage account…
He didn’t tell me he had a way to find the next millionaire-making penny stock…
He wasn’t chasing smoke and mirrors on the next hot A.I. stock…
Instead, he said that if you set up a certain type of trade before the markets close…
Anyone has a shot at a couple of hundred bucks or more — overnight… while most people are fast asleep.
I’m talking about the ability to target overnight payouts like this…
Or even this…
That’s exactly why I rushed this information to you as soon as I got wind of it!
Of course, our backtesting showed smaller wins and those that did not work out …
But at 1 p.m. ET on Wednesday, Dec. 11, I’ll be in the LIVE room with Tom to share every detail about how you can start taking advantage of these night opportunities, too.
And I don’t want you to miss it.
If you think you’ll need to stay up all night to place these trades, you’re dead wrong! Because as long as you follow the few outlined steps, you’re good to go….
Naturally, no one can guarantee wins or prevent losses in trading.
But you’ll also get the chance to jump on the latest moonlight trading opportunity with as little as $80.
Secure Your Spot Here — See You Wednesday!
The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. The trades expressed are from historical data in order to demonstrate the potential of the system.
