Join me LIVE at 10 a.m. ET for my Pre-Election Forecast — and my top 3 election stocks!
Markets are mixed following Monday’s big surge, with tech yet again leading the way ahead of the market being closed Wednesday for Juneteenth.
Volume is the key to watch for trading Tuesday ahead of the holiday…
Monday’s rally was more broad-based than much of the news will lead you to believe… Financials (XLF) and Consumer Discretionary (XLY) also had big days, maybe the biggest day in six months for XLY.
Retail (XRT), Homebuilders (XHB), the Dow (DIA), Midcaps (MDY)… just about everything rose, and we have had a day like that in quite some time, which is great to see.
The number of stocks crossing above their 50-day moving averages has also risen from over 40% to more than 50%.
We have several Fed speakers on deck to speak yesterday amid the new record highs for the S&P 500 and Nasdaq.
Philly Fed President Patrick Harker mentioned the potential for one rate cut for this year could be appropriate, according to his market forecast…
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. Where Our Focus Will Be This Election Season
Who will win the White House this November? Frankly, I don’t really care because we’re here to talk about making money.
And as we gear up for what could be one of the biggest Presidential elections in history…
I’m tapping into a very rare phenomenon to prepare for the coming election volatility.
I’ll be live at 10 a.m. Eastern again today to give my biggest, most important projections heading into the November elections…
No, we won’t be talking about politics, but we will discuss my top 3 election stocks, my biggest predictions and more…
Most importantly, we’ll discuss how I plan to trade what will likely be rising volatility the closer we get!
