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ON DECK FOR TODAY’S VIP TRADE ROOM: Monday-Wednesday: noon ET | Thursday-Friday: 11 a.m. ET. Why you shouldn’t trade when volume is low, if stocks will break out or break down, earnings analysis, next major catalyst and ETFs to watch each day. Plus, the top and weakest stocks — with options! Key Level for Tech, an Energy Breakdown, Post-Earnings Action and Volume Analysis Volume has all but died the past few days, which makes day and swing trading very difficult. Though, it’s not all that unexpected considering the big run up we’ve had recently. For perspective, the average shares traded each day on the SPY ETF, which tracks the S&P 500, is about 84 million. We were 30% less than that on Wednesday. So we need to get volume higher for more follow-through to really get these short-term options trades moving. IF we can break through the 100-day moving average, then I think we’ll see volume start to pick up again as the market would likely shoot higher. Remember, volume tells us how committed traders are. But volume, like volatility, is mean reverting, so it will come back up. It’s just a matter of when… We got the latest jobless claims Thursday morning of 217,000 versus expectations of 218,000, so right in line. We’ve been below the average and consensus for a while now, so the job market remains strong. The bond market (TLT) is also continuing higher… I’ll cover all that and more in this morning’s “Premarket Must Watch” video! In today’s all-new briefing, I’ll discuss whether or not tech will rally or fall apart again… if bonds will increase yield or if the Fed will start chipping… if earnings helped or hurt this market… why I like chip stocks right now… and the critical levels you need to know about right now! Looking for a Weekend Trading Edge? Options Strategist Lance Ippolito has identified a pretty unique trading phenomenon that exists in what he calls “wires.” And Wall Street has been using these “wires” to front run the biggest weekend news bombs that can send stocks soaring or tanking on Monday. It’s a lot to explain in one email really, but he’ll tell you all about it LIVE at 4 p.m. ET today, Nov. 9. While we cannot promise future returns or against losses, he will also show you how to take advantage of these wires and trade them if you like… Lance says that as turbulence in our world grows worse and worse… Regular traders like us should take any advantage in the markets we can. So Lance made this session totally FREE… The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 9/17/21 through 11/3/23, the average win rate is 72.4%. The average weighted rate of return on options trades was 14% over a 3 day average hold time. ________________________________________________ 🎥 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: http://rogerscott.com/viproom |
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