Stocks are up strong across the board ahead of Nvidia (NVDA) earnings following Monday morning’s early route and subsequent climb higher.
Tech is leading and NVDA reports after the close, which could be the biggest earnings report of the quarter and will certainly move markets like the Nasdaq 100 (QQQ).
We also have eBay (EBAY), Salesforce (CRM) and The TJX Co. (TJM) as other important reports today.
I wouldn’t add any new positions today until after the New Home Sales report at 10 a.m. ET — home sales have been heating up, so this could impact things.
China (FXI) is also heating up a bit, which is great for the U.S. market in general and gambling stocks.
Gold, meanwhile, is now below its eight-day exponential moving average but as long as it stays in its current range, I’m still bullish on gold with the U.S. dollar still declining.
The bond market (TLT) is also rising, and all of this is very good for the U.S. economy and market as a whole…
I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!
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
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P.S. Don’t Miss Today’ s Massive Nvidia Earnings Roundtable
We’ll be LIVE at 2:30 p.m. ET today, Feb. 26, to show you exactly how you can prepare for Nvidia’s market-moving earnings report…
PLUS, how you can play it post-earnings.
