Stocks are up huge across the board after a weekend of good news regarding President Donald Trump’s trade war with China, announcing a 90-day pause on most tariffs.
Trump also announced an executive order targeting drug prices late Sunday, so those are our two major catalysts for moving the market.
And the market is moving…
About an hour before the open, the Dow is up over 1,000 points, the S&P 500 is up 3.1% and the Nasdaq is up a staggering 3.9% led by Nvidia (NVDA), Amazon (AMZN) and more.
We also get the next Consumer Price Index inflation report on Tuesday, which is the next big catalyst of the week, Retail Sales and comments from Fed Chair Jerome Powell on Thursday, and we still have plenty of earnings coming…
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. It’s Rebalancing Day – the Best Day to Buy Stocks!
I’m revealing this week’s No. 1 “turnaround” opportunity today at 2:30 p.m. ET…
And handing you a chance at today’s new trade setup before the close!
