First, Lance Ippolito, Jack Carter, Nate Tucci, Alex Redi, Jamie Dlugosch and myself are having a roundtable discussion ahead of Tesla earnings at 2:30 p.m. ET on Tuesday!
We’ll reveal our strategies for what could be the biggest opportunities of the quarter, our real-money tips and tricks for navigating uncertain markets and more!
Stocks are down pretty big as we begin a new trading week that’s jam-packed with earnings as fears of recession grow.
We also have a lot of Fed speakers on deck as well as key economic reports. The Beige Book at 2 p.m. ET on Wednesday is one to watch as well as Durable Goods on Thursday and Consumer Sentiment on Friday.
The U.S. dollar is also falling again this morning along with the long bond (TLT), which is not good for stocks.
Gold, meanwhile, is starting to get overdone and I would not buy it at these levels. If you’re in, you’re probably fine but could look to take profits. Volatility is also rising along with gold, so I would lower my exposure while looking to get back in around $3,130. One place we’re money flowing into right now is Bitcoin, and that’s because it’s not controlled by the U.S. dollar…
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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