The Nasdaq is down and blue chips are up as we get ready to head into the Thanksgiving holiday, with Dell, Workday, CrowdStrike and HP leading tech stocks lower.
Dell (DELL), Workday (WDAY), CrowdStrike (CRWD) and HP (HPQ) are down over 12%, 11%, 2% and 8%, respectively, after reporting earnings Tuesday after the close. CRWD was down almost 6.5% but has rallied a bit heading toward the open.
These aren’t massive stocks like Nvidia (NVDA), but these results are likely to put a damper on things heading into the holiday. The Nasdaq isn’t down huge, but it’s something to watch today along with some big Fed data.
We have Durable Goods, GDP, International Trade in Goods and Services and Jobless Claims all coming before the open, which is quite a bit of important data that will help set the tone for the day.
Gold is up and at the VWAP area from the election as well as the eight-day exponential moving average. I still suggest waiting to go long in gold until it reaches $2,760.
I have an important lesson to teach you about reading charts…
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. Make This Thanksgiving Weekend Count!
While everyone else prepares their turkeys and plans Black Friday shopping…
Kane and I are getting ready to hand you the top tickers that could make this holiday weekend extra special, live at 1 p.m. ET!
You’ll see exactly how to transform your Thanksgiving weekend from just another market holiday into a shot at a potential $915 payday Monday (on a $5K starting stake).
Think about this…
Most everyone else is taking Thursday and Friday off from trading…
The market’s closed and trading accounts sit idle.
But you could spend 2 minutes setting up these plays before the holiday…
Then enjoy your turkey, watch the games, and hit those Black Friday sales knowing you could have extra income waiting Monday morning.
That’s something we can truly be thankful for.
The best part is these aren’t complicated holiday setups… Just one simple play in a stock everyone knows.
And while we cannot promise future returns or against losses…
If you’re game, follow the link below, and…
