Institutions stepped in late Friday to send stocks soaring into the close, and we’re seeing some follow through Monday morning, especially in tech stocks.
The Dow is flat but the Nasdaq 100 (QQQ) was up nearly 0.8% while the S&P 500 is up 0.3%, and I believe we’re about to see a lot of institutional capital come into the market.
We have several interest rate-sensitive Fed reports and speakers on deck for this week, which won’t be as fragmented as last following the holiday.
The ISM Manufacturing Index at 10 a.m. ET this morning could move the market today, so that’s something to watch out for.
We also have some companies yet to report earnings including the big ones on Wednesday: Lululemon (LULU) and Dollar Tree (DLTR). The new earnings season is about 3 ½ weeks away at this point.
Crude oil is bouncing off the key levels I mentioned last week…
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
P.S. Don’t Miss These Upcoming ‘Wealth Windows’
FIVE stocks are about to enter new “Wealth Windows” in the month of June.
And with the market cooling off during the back half of May, now is the PERFECT to jump on some seasonally strong stocks!
My system shows they’ve gone up during these June windows, dating back DECADES.
But I’m going live with young superstar Graham Lindman — my former assistant! — at 1 p.m. ET on Wednesday, June 5, to share our trading plan on how to capitalize on these “Wealth Windows.”
In the meantime, I also have a free report to share. Of course, we can’t promise future returns or against losses…
But this report includes charts, market caps and the specific dates to buy these five stocks.
Don’t miss out — get your hands on the report at the link below…
