I recently suggested people should hold off on trading META for a few days — and I’m spilling the beans on why at 10 a.m. ET TODAY!
We saw a big rally Tuesday after signs of strength amid FANG stock earnings…
Looking at the Nasdaq 100 (QQQ), it’s up again this morning. Money starts shifting out of sectors that have been doing well — like blue chips — and into sectors that should be doing well, like tech.
Tech tends to lead when things start going well — these stocks are also the first to fall when things start going south.
We got a very nice surprise with Tesla (TSLA) earnings after the close Tuesday, and the stock is up over 11% premarket, which should provide a nice boost to the broad markets.
People are wondering if it’s time to get out of gold, but I’m still fairly bullish… I just don’t want to see it fall below support around $2,300.
Crude oil, meanwhile, also started rising again Tuesday, and there are three energy stocks I’m going to discuss at noon during my VIP Trade Room. These three stocks have been rising while the rest of the energy market was cooling off, and I see them as the top three stocks in that sector.
The market today could be impacted by the Petroleum Status report at 10:30 a.m. ET, so that’s something to keep an eye on…
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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P.S. My Urgent Update on Trading META Is About to Start!
My live event focused on trading Facebook parent META is starting at 10 a.m. ET TODAY, April 24…
Since bottoming out back in November 2022, META has been on an absolute tear, rising from about $90 a share to $500 in that time.
It’s up over 40% year to date, and it’s not often I ask people to hold off on trading a ticker…
But I did just that the other day when I made an exception for META.
I’m sure everyone is eager for the reason, and I’m ready to reveal exactly why I made that suggestion…
And boy oh boy, I can’t wait to share something my seasonality software keyed in on…
Jack Carter’s honed in on it as well, so hit that link below and join us at 10 a.m. ET…
