See Kane’s No. 1 way to trade February — LIVE at 3 p.m. ET!
We have some divergence among the major indices premarket with the Dow trailing and tech leading.
The Dow was up overnight, so that tells us that some earnings reports could be dragging it down this morning. Speaking of earnings, IBM (IBM) did well after the close Wednesday, Meta Platforms (META) killed it, Microsoft (MSFT) was very disappointing, and Tesla (TSLA) had an awful report but the stock is up…
Sentiment in Tesla is strong thanks to the relationship between Donald Trump and Elon Musk, so it can go up even on a bad report so long as they stay friendly.
We’re really getting into the meat of earnings season now with Apple (AAPL) reporting after the close today along with Intel (INTC), Visa (V) and others, with some big oil names and others on deck for Friday morning.
We also got the latest GDP report this morning, which came in at 2.3 quarter over quarter vs. consensus expectations of 2.6%, so lighter than expected but within the consensus range of 2.2% to 3.0%.
GDP last quarter was 3.1%, so quite a dip but we didn’t get much of a reaction from the bond market (TLT).
The market right now is being driven by fundamental news, which always supersedes technical analysis. And usually after the news breaks, it takes a few days for a stock’s technicals to brush off whatever reaction it had to the headline.
Except for Tesla right now, which is being driven largely by sentiment around Musk and Trump.
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
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
- Telegram: https://t.me/+_vmfwkeP8fA5YWQ5
- YouTube: https://www.youtube.com/@Roger-Scott/videos
- Instagram: https://www.instagram.com/thetradingpub/
- Facebook: https://www.facebook.com/TheTradingPubOfficial
- Twitter: https://twitter.com/Rogerscott1970
Important Note: No one from The TradingPub team or Roger Scott Trading will ever message you directly on Telegram.
P.S. The Tensions May Have Just Reached a Breaking Point
Trump’s now “demanding” Powell slash interest rates — while Fed Chair Powell said they’re holding steady for now.
But here’s the explosive part nobody’s talking about…
While Trump pushes for cuts, inflation is quietly creeping back up.
And Powell’s caught in an impossible situation:
- Cut rates? He risks unleashing another inflation surge.
- Hold steady? He faces intense political pressure.
- Raise rates? The market could implode.
The stakes have never been higher. The S&P 500 is still sitting near record levels…
And I’ve identified exactly how this political showdown could impact specific stocks after Powell’s decision.
Some could drop like stones, while others could surge 40-50%.
I’ve just finished an emergency briefing breaking down what I believe will happen next and how I’m adjusting my trading strategy.
Granted, I cannot promise future returns or against losses…
But if you’re invested in this market, this is a MUST SEE…
