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Tech and AAPL Breakdown, Small-Caps Momentum, Falling Bonds and a Backtracking Fed

by | Jan 3, 2024

If you haven’t heard yet, I’m doing this video live every morning, which is way more fun! Feel free to tune into my YouTube channel around 8 a.m. ET and bring your trading questions for the chat!

Futures are down again Wednesday — beyond a random amount — and it looks like things are starting to come undone. 

But I told you guys this was going to happen. 

The Nasdaq 100 (QQQ) is now below its eight-day moving average, which is the first level, and now we’re making our way toward the second trend line. I would keep an eye on the $353.97 level. 

For once, I believe the Federal Reserve is being honest with us…

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

In today’s all-new briefing… 

I’ll discuss whether or not small caps are ready for flight or fight… critical price levels on the QQQ, SPY and DIA… if the market is setting itself up for a pullback or another rally… if the Fed is really going to lower rates in March — LOL… and the top stocks I’m focused on right now and which ones I’m avoiding!

Roger Scott
Roger Scott Trading

Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!

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WRITTEN BY<br>Roger Scott

Roger Scott

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