Stocks are up slightly across the board as we begin a new week of trading, with a Tesla (TSLA) downgrade, rare earths, semiconductors, China-U.S. trade talks being the biggest catalysts.
The uncertainty around tariffs appears to finally be pricing itself into the market, which is a really positive thing. This doesn’t mean the market is set to make all-new highs but it could.
It mainly just means that when Trump mentions tariffs now, it’s unlikely to have as big an impact on the market as it would have a few months ago. Basically, it’s old news now and the market is moving on.
Bitcoin is starting to break out again and once the GBTC ETF rises above $86, it’s go time and a good time to buy.
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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In today’s session…
Seasonality: Why it’s super important during summer months, and how to combine it with technical analysis, live trading, visual backtesting and the value of it, and fast-moving stocks!
