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ON DECK FOR TODAY’S VIP TRADE ROOM: Earnings review, oversold, pullback and major levels on stocks that have broken down — with options! Will the Sell-Off Continue? Plus, the Top Sectors and 2 High-Flying Stocks Premarket action is largely random as we begin another earnings and data-packed week. We have the Consumer Price Index and Producer Price Index inflation reports on deck, coming Thursday and Friday, respectively, along with companies like Palantir, Lucid, UPS, Rivian, AMC, Disney, Roblox and more set to report earnings. We’re about 75% of the way through earnings season, reports have been decent so far and will drive market action for the next few days. The bond market reversed a bit Thursday, but it’s still coming down. It looks oversold but may still come down a bit more to fill the gap before coming back up. We’ll know by the end of the week. If the bond market starts to come back up, it will release some pressure on the stock market. The S&P 500 is clearly coming down after running into resistance, and the earnings we have left aren’t enough of a catalyst to push the market higher. The Nasdaq isn’t looking very good, either — we’ve gone so high so fast, we’re due for a sell-off. I’ll cover all that and more in this morning’s “Premarket Must Watch” video! In today’s all-new briefing, I’ll also go over what's next for the SPY and QQQ.. whether tech is ready for another round of selling pressure… if bonds are oversold… what to expect with this week’s Fed data and earnings… the top sectors to focus on this week… the worst sectors to avoid right now... and two day trading stocks you should know about today! Ready to Go Monster Hunting Later Today? Jack Carter is a former market maker, and he’s one heckuva a trader who’s been at it for decades — even longer than me! And after 37 years, Jack’s finally changed his tune about hunting what he calls “Monster Trades.” And it’s all thanks to one audit... His team conducted a study of officially published trade alerts, and then overlaid the results with some historical options data. The study showed that after just 12 trades over three months, the total return could have been… get this… 899%! No, this isn’t some “get rich quick” method of trading. But it does target exceptionally big, explosive gains. In fact, his next trade is targeting 200%... And he’s going to go over all of the details of exactly how he plans to do this at 1 p.m. ET TODAY, Aug. 7 — and I’m going to join him. I can’t wait to see this! 🎥 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:
JOIN US HERE: https://us02web.zoom.us/j/81470521405 CUSTOMER STORY OF THE DAY I started with [Roger] in 2020. Roger is the real deal. I searched high and low for someone who is honest, sincere, real… you know, an honest human being. He makes all data available online in downloadable worksheets. I have found what I was looking for and more… Roger Scott – [The TradingPub]. And this Quantum Indicator is the pinnacle of all systems he’s done, and most representative of what I believe he is like. I am starting anew with Roger since I have suffered from Covid-19 for the past three years. But I am doing great and today I get this wonderful gift from Roger, as I am a lifetime member. Thank you to everyone at [The TradingPub], especially Allen, the nice guy that signed me up in May of 2020. You guys have done so much – Thank You. — Tyler C. |
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