ATTENTION: NO VIP TRADE ROOM TODAY — ROGER IS TRAVELING. BUT IT WILL RETURN NEXT WEEK!
It’s a very important day with Micron (MU) earnings coming after the close.
Meanwhile, the reversal of money flowing out of blue chips and back into tech is continuing this morning.
FedEx (FDX) is up nearly 15% in premarket trading after announcing a stock buyback program, which is usually a big catalyst to send a stock higher.
Carnival Cruise (CCL) was one of the biggest performers on Tuesday after reporting strong earnings and raising its forward guidance, so earnings season is kicking off with a bit of a bang so far.
It’s imperative to know what’s going on with your stocks, but also their related or “cousin” stocks because they will impact each other. And you don’t want to be over-leveraged in certain stocks and sectors.
That’s why you must diversify!
Back to the market… If not for tech stocks, we would be in big trouble right now because the market is holding on by a shoestring, and I’m not liking market breadth.
Meanwhile, the bond market (TLT) is marching higher…
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. Are We About to See Overnight Stock Explosions?
You’ve got a rare chance to absorb a combined 70-plus years of trading experience, all in one day.
You see, rarely do legendary trader Tom Busby and I team up.
But when we do, it’s because there’s a really BIG opportunity ahead….
And this time, it involves a totally overlooked catalyst you simply don’t want to miss…
We noticed there are specific days with big announcements that make the market move much more than other days.
So we put together a new way to take advantage of these high-impact announcements.
Honestly, we put it together just in time…
Because a series of announcements are set to hit the U.S. economy over the next six days that could send stocks soaring…
And we’re ready to target what could be big moves on those stocks in the aftermath.
We can’t promise returns or against losses, but we even believe some of these stocks could explode — literally overnight.
If you want to see how we’ll target gains from these big announcements, check out this video now.
