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SPY Critical Levels, Energy Ripping Higher and Sector Watch. Plus, MCD, OXY and DIS on Deck

by | Nov 6, 2023

What a week last week, with a major turnaround in the S&P 500 (SPY). 

And there’s plenty to discuss for this week with the major indices up premarket. 

We don’t have as many big companies set to report earnings, but there are still some giants left. We have Energy sector stocks like Devon Energy and Occidental Petroleum, plus Disney, Roblox, MGM and more. 

We have a couple of Federal Reserve members speaking this week, including Chair Jerome Powell, and some other big economic reports to watch as we ease back on earnings. 

Right now, the bond market is doing all of the Fed’s work for it, which tells me we’re unlikely to get another rate hike this year. 

Very important: The S&P 500 is at a critical juncture…

I’ll cover all that and more in this morning’s “Premarket Must Watch” video!

In today’s all-new briefing, I’ll discuss the upside and downside for the SPY breaking higher… if Energy is ready to trade higher.. what’s driving this market right now… critical levels we need to watch… if the Fed will continue raising rates… if the global economy is giving us a tailwind… and the biggest earnings this week and what to expect!

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WRITTEN BY<br>Roger Scott

Roger Scott

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