LIVE AT 11 AM ET: THIS WEEK’S ‘WIN-BOTH-WAYS TRADE’ HITLIST THAT SHOULD HAVE FIVE MORE TRADE IDEAS!
The Nasdaq’s a bit soft heading into the new trading week while the Russell 2000 is the strongest, though, action is largely random.
On the table this week, we have a lot of earnings, and the biggest piece of Fed data is coming at 8:30 a.m. ET on Wednesday in the Consumer Price Index inflation report.
The Fed keeps telling us things are getting better with inflation, but the proof is in the data, and the data says it’s worse.
Then we have the Producer Price Index coming on Thursday morning, and producers are also paying more than they were a year ago. In fact, expectations for the PPI excluding more volatile food and energy prices is 3.2%, and it was 2.2% a year ago.
So when I hear they’re making progress, I’d like to know where exactly.
The top China stocks, tracked by the FXI ETF, are up big this morning, 6.4%. The question is how long will they rally and what’s the reason behind it?
The U.S. dollar and gold are both going nowhere, and the bond market (TLT) is the driving factor for both. And even with tensions in the Middle East, crude oil isn’t on the rise…
There are several crude oil stocks that are breaking down…
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. New Highs or Pullback? A Trade for Either Direction!
What a WEEK!
Over the past five days, we saw the market climb to all-time highs once again…
I hope you all banked some profits along the way,
But now that it’s Monday, we face a new week ahead…
And the question still remains unanswered: Will the markets rise to new heights, or will we see a pullback?
No matter what happens, I’m focusing on a new “win both ways” trade…
That way, I’m prepared no matter which direction the S&P 500 goes this week!
If you want to focus on this trade alongside me…
Plus learn how to leverage it in your own trading as early as today, Dec. 9…
Make sure to join my Monday morning class at 11 a.m. ET!
P.S. For those that attend, I’ll also be giving away this week’s “win-both-ways” hitlist of stocks, so get ready for some actionable trade ideas!! Join my Telegram to make sure you don’t miss the 11am Eastern event.
