It’s going to be a volatile week for stocks. Typically, there’s a 75% or so chance we’d see a rally in the FANG stocks because of seasonal bullishness.
We have a ton of big earnings reports on deck including General Motors (GM), Tesla (TSLA), Amazon (AMZN), Meta Platforms (META), Microsoft (MSFT) and more!
As the week moves on, we’ll discuss this more in-depth.
The big thing to worry about today is Verizon (VZ) before the open — up about 1.6% — and Nucor (NUE) after the close.
We have to keep our eye on volatility, which should revert lower after Friday’s BIG spike. The level to watch is 21.80 on the VIX Volatility Index. I’d like to see us stay below this level.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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Former Nasdaq market maker Jack Carter just discovered conclusive evidence that a certain mega-cap tech stock could skyrocket 8.2% after earnings this Wednesday.
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