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Tech, Bonds, CPI, Earnings Scorecard, TSLA, Small Caps, the Fed and My Morning Hit List!

by | Feb 9, 2024

The market is looking bullish as we head into the final trading day of the week, and a lot of people are asking me what the next major catalyst will be…

The bond market (TLT) is down again today, but the market is waiting for something, and that something is the next Consumer Price Index next week. 

If bonds keep falling, it’s going to be impossible for stocks to keep rising. Like I mentioned Thursday, volume is also still falling. 

So there’s very little commitment at these levels right now, and it could be algos that are continuing to drive prices higher. 

I’m willing to bet that in the next several months, the market will come back down quite a bit because it’s come up so fast with low volume. 

For the S&P 500 ETF (SPY), that’s back closer to the $460 level, which is why I’m looking at a lot of blue-chip stocks right now. 

Earnings are about 75% behind us — we’ll do an analysis in my VIP Room at 11 a.m. today!

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

Roger Scott
Roger Scott Trading

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

P.S. Get My Top 3 Most Shocking Predictions for 2024 — and More!

I was in the lab for much of 2023 crafting what could easily be the most sophisticated tool out there for retail traders. 

Imagine this: a powerhouse of around 3,000 lines of code meticulously designed to monitor institutional buying as it happens, offering us the kind of real-time signals that can make a world of difference. 

Our strategy? That’s simple: Hitch a ride on the momentum of these colossal trades, seizing countless opportunities without having our capital hang in the balance for too long.

And just so you’re in the loop…

This very approach has propelled over 500 of my traders to a staggering 95% success rate across more than 100 live alerts. 

Now, I can’t make promises about what the future holds or shield you from potential losses — trading can be very risky!

But here’s the scoop for you: We’re gearing up for the next set of trades dropping today! 

Join us at noon ET TODAY, Feb. 9, and discover how to join us…

In the Trading Pit!

*Stated results are from hypothetical options applied to real published trades from 10/30/23 – 2/5/24. The result was a 95.1% win rate, an average return of 13.3% including winners and losers and average hold time of less than 24 hours. Performance is not indicative of future results. Trade at your own risk and never risk more than you can afford to lose.

WRITTEN BY<br>Roger Scott

Roger Scott

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