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ON DECK FOR TODAY’S VIP TRADE ROOM: Monday-Friday: noon ET Earnings scorecard, reviewing the 20 major sectors and Mag 7 stocks — special technical analysis session! How long will the sideways action continue? More iron condors and credit spreads ahead of today’s 1 p.m. event! JOIN US HERE!_________________________________________________ Today’s FOMC Minutes and Markets Are in the Chop Zone — Here’s What Will Break the Stalemate Stocks are mixed with the Nasdaq leading and the Dow down a bit — totally random trading action so far. We have the latest FOMC minutes coming at 2 p.m. ET, but I don’t think it will be meaningful. There’s a 99% chance that nothing is going to happen because we’re not getting a rate cut any time soon. And if we already know we’re not getting a rate cut, then today’s announcement is unlikely to move markets — unless they say they’re thinking about hiking again, which seems unlikely at this point. Crude oil is starting to come off recent lows, but I don’t see it going anywhere at this point. I believe it will be stuck in this current range for a while so I would be very careful with energy-related stocks right now. Gold looks beautiful right now and as long as the U.S. dollar stays in its strong downtrend, that will continue to be good for gold. The bond market (TLT) is lower again by a whole basis point, which puts pressure on stocks. I don’t like any of the action we’re seeing here in the long bond. The stock market gets its directional bias from the bond market, which looks like it doesn’t know what to do with itself. And if the long bond is just chopping around, that means the stock market is likely to do the same… That and More in Today’s ‘Premarket Must Watch’_________________________________________________Join in on the Cash Flow Revolution! You’ll never trade the same way again… And I have a special $1,085 gift for attendees at 1 p.m. ET today! Join the Room Here at 1 O’clock!_________________________________________________
🎥 LIVE TRADE ROOM ACCESS 🎥 Join me and dozens of traders each day inside my LIVE VIP Trade Room! Each day, we analyze the markets together, build relationships and, more importantly… go over market education and new trade ideas! With the VIP Trade Room, you’ll have the opportunity to multiply your trading knowledge and confidence as quickly as possible. I’ll take the time to answer all of your trading questions, so fire away! Make sure to join us LIVE each day! SCHEDULE: Monday-Friday: noon to 1 p.m. ET JOIN US HERE: http://rogerscott.com/viproom _________________________________________________ CUSTOMER STORY OF THE DAY Roger, I subscribed to several other “gurus” over the past few years and never quite had the guidance I felt needed. They didn’t give you much information and it became a “simply trust me on this pick” sort of game. And so, I lost a lot of money and only had a 30% winning percentage and, as a result, lost a lot of money. Then I got connected with you and what a difference! I no longer feel like I am just gambling (which is wrong). The morning show gives me a much better perspective of the overall picture. Since starting with you, my winning percentage with you alone, based on your stock watch list, and the pit is at 79% and I am making money (I just subscribed to A-line, quick-strike and stealth search last week so hoping that will really help as well). I still am getting out of winning trades to quickly right now simply because I am afraid of the gain turning into a loss. Thank you very much for your services! — Harold_________________________________________________Follow along and join the conversation for real-time analysis, trade ideas, market insights and more! Telegram:https://t.me/+_vmfwkeP8fA5YWQ5 *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.Join the Conversation Give us a follow on your social media platform of choice, and make your voice heard! |
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