>>> Trade the close with Lance, LIVE at 3 p.m. ET TODAY! <<<
Markets are up nicely again this morning ahead of Thursday’s Consumer Price Index inflation report — which we’ll discuss at length during today’s VIP Trade Room session at noon ET!
Meanwhile, the put-to-call ratio made a one-year low on Tuesday…
And this means that nobody’s puts right now. It’s a very sensitive indicator and it came back up some since bottoming out, but the market is complacent right now. I think volatility (VIX) is about to come back up with a minor pullback in the market.
The VIX tends to spike to the 20-25 level once a quarter, and we haven’t seen that in a while.
The Energy sector (XLE) has yet to break the level I discussed earlier this week. And because of this, a lot of energy stocks are in the crapper. So this sector is not our friend right now.
Lumber prices are also way down, which tells us demand for new housing has fallen off a cliff…
And I think the Fed cutting rates as soon as September is a real reality now…
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. [LIVE at 1 p.m. ET] Jack Carter has a Dire Warning About the AVGO Stock Split
Jack Carter will be LIVE at 1 p.m. ET TODAY to issue a dire warning to ALL traders about Broadcom’s (AVGO) 10-for-1 stock split this Friday.
Over that hour or so, you will learn the No. 1 thing NOT to do as we inch closer to the AVGO split!
PLUS: Uncover Jack’s entire “blueprint” for the upcoming split…
It’s all happening at 1 p.m. ET TODAY!
