Markets are seeing extreme downside ahead of the open following massive losses in markets around the world.
This market is being driven by fear, and those kinds of moves often mean that we’re near a bottom, and those kinds of moves tend to revert.
As of 8:40 a.m. ET, Nasdaq futures are down 5.9%, the S&P 500 is down 4.5%, and the Dow is down over 1,200 points, so the market is in full-on panic mode, and things should revert.
In the past few weeks, we’ve seen AI stocks falter, then FANG stock earnings that weren’t as good as hoped, and now we’re still seeing the most sensitivity in tech stocks.
Real Estate, Health Care, Consumer Staples and Utilities, meanwhile, have been strong.
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. 3 Little-Known Stocks Likely to Surge Over the Next 10 Days
I’m opening up the live room at 1 p.m. ET TODAY to share three little-known stocks that are likely to surge now through Aug. 15…
And that date range is based on 34 years of data!
Here’s what has me even more excited…
Former Nasdaq market maker Jack Carter’s seasonality software is confirming the same exact stocks, on the same exact dates!
