Stocks are down across the board with tech leading the downturn, which could be worse but it’s not good…
This is a big reason why I’ve said a few times to be extra cautious right now and scale back your swing trading. It’s hard to make money when the market is getting crushed each morning.
Google parent Alphabet (GOOG; GOOGL) is down over 7%, and Advanced Micro Devices (AMD) is down 9.5% after reporting earnings after the close Tuesday.
We still have Eli Lilly (LLY), Amazon (AMZN), MicroStrategy (MSTR), Uber (UBER), Ford (F), Disney (DIS), Arm Holdings (ARM) and Qualcomm (QCOM) on deck for today.
E-commerce stocks are also falling after the U.S. Postal Service halted packages from China as the trade war heats up.
The bond market (TLT) is rising above its 50-day moving average, which is deflationary and one of the reasons why the Russell 2000 is actually up slightly.
If it breaks through and pushes higher, that could provide some relief…
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. Will February be the Worst Month of Trading This Year?
I’ll be live at Graham at 2:30 p.m. ET with the most predictable pattern of 2025…
A major rotation we’ve been tracking is already in motion, and we’ll share the stocks Wall Street’s algos are targeting next, why it’s shaping up to be the worst month of 2025, and how to capitalize on the volatility with overnight moves.
