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ON DECK FOR TODAY’S VIP TRADE ROOM: Monday-Wednesday: noon ET | Thursday-Friday: 11 a.m. ET How critical commodities will impact stocks, CPI, what internals are saying, Fed data update, tom momentum stocks with options and BONUS ROUND: the best time to enter long straddles! AAPL, TSLA, Blue Chips, Energy, Bonds, Gold, Key Levels, Top Stocks and Momentum Levels! Markets were subdued Monday but stocks are up a bit premarket ahead of Wednesday’s big economic report: the latest Consumer Price index inflation data. The market has already priced in a worse consensus year-over-year range, with the number expected to come in at 3.4% to 3.7%. We know the number is going to be bad, but Fed Chair Jerome Powell will say food and energy prices will come down naturally. If the number is 3.7%, he might allude to a rate cut this year. I don’t believe there will be a lot of trading action today ahead of this report, so I would be especially careful with day trading. The big question to me is if financial stocks will start to rally ahead of Friday’s big earnings day, or if they’ll be subdued along with the market. If rates stay elevated, it won’t affect financial stocks as much, so it will be interesting to see how the economy is treating these stocks. Crude oil prices are humming along, and there’s an inverse correlation between the economy and energy prices, so that’s something to keep in mind. Commodities, meanwhile, have surged the past several weeks, and this is likely to keep the market from moving higher… 2 Mistakes I See Traders Make All the Time I have a golden nugget for you today, and it's something you won't want to miss! Let me introduce you to a two-step method so straightforward, it'll transform the way you identify the most reliable trade setups that I know of in the entire market. That's right — just two steps. It's easy to get lost in complex strategies that end up nowhere. That’s why we’re embracing the "KISS principle" — which simply means keep it simple, stupid! This method is versatile and compatible with almost any charting tool out there, so forget about splurging on fancy software or expensive indicators. Ready to simplify your trading strategy and focus on what really works? Dive in with me… 🎥 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 Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. |
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