>>>I’ll be live at 1 p.m. ET today to share my crucial Q2 forecasts for top assets like gold, oil, Bitcoin, the S&P 500 and more!<<<
Stocks are down a bit but action is largely random, and the big key for me today is to see if we can get above Monday’s high.
And $549 is that level in the S&P 500 (SPY), which has acted as major resistance.
The bond market (TLT) has also been falling after running into resistance, so we need to be very cautious today. Volatility is falling, but TLT is still trading within the same zone it’s been stuck in, and we need it to rise above resistance.
No one is buying the U.S. dollar, which is not good because the dollar and bond market aren’t giving us anything to help out stocks. If we see TLT continue to cool off, the stock market is going to be under major pressure.
We have Retail Sales coming at 8:30 a.m. ET on Wednesday, which is the biggest report of the week, and I expect this to be a good report. Thursday is likely to be muted unless something comes out of the White House, and the market is closed for Good Friday.
The biggest factor driving the market is still the tariffs and related announcements…
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
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P.S. With Volatility Spiking to Pandemic Levels…
Last week, we saw the Wall Street’s Volatility tracker hit 60 points.
Market volatility is at levels we haven’t seen since the 2008 housing crash and the 2020 COVID crash.
With new events unfolding with China, our bond market hanging by a thread and Trump easing off on tariffs…
The markets might remain volatile for months!
Which is why in my State of the Market briefing, I revealed:
✅ My Top Predictions On Trump’s Tariffs, Interest Rates, Volatility Levels, Oil, Gold, Cryptos, And A Shocking S&P 500 Price Forecast You Can’t Afford To Miss
✅ A New Way To “Piggyback” On Institutional And Hedge Fund Buying Activity As It’s Happening.
✅ My No. 1 Stock For April (and Sector) Set To Outperform In Q2
✅ And a lot more.
When it comes to info like this, taking action early is always the better move.
So if you’d be taking on the market over the next few weeks, and you want your edge at its sharpest…
