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Tech Melt Up, Bond Market Breakdown, Crucial Fed Data, Sentiment and HOT Stocks for Friday

by | Jan 19, 2024

The market’s up big again to kick things off Friday… I’ve been very suspicious of this market, but it doesn’t matter what I think — we have to follow the market. 

So we’re seeing a big bullish bias.

We have the latest Consumer Sentiment report coming at 10 a.m. ET today — I wouldn’t dare trade anything before that report. 

I also expect Existing Home Sales (10 a.m. ET) to be strong, and then we have Federal Reserve Vice Chair Michael Barr speaking at 1 p.m. ET.

The bond market (TLT), meanwhile, is still falling while tech stocks are still rising. Expectations for a rate cut in March are also falling…

But the numbers coming out have been pushing tech stocks higher and higher, overbearing everything else. 

This is bullish…  

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. Time Is Running Out — You Have to Catch This Today

I’m going to be live at 1 p.m. Eastern today for the last time to cover my “Gap to Green” strategy — and I have a special treat!

In addition to showing everyone exactly how to target stocks that suddenly sink overnight on bad headlines for double-digit bounce opportunities in the following days…

I’ll also give my No. 1 stock I expect to gap up next week. That way, you can get in today before the close. 

Just click on the link below and I’ll see you at 1 o’clock sharp!

Save Your Seat Here 


WRITTEN BY<br>Roger Scott

Roger Scott

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