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If you’re reading this, then you’re most likely well aware of the massive move down in the market on Monday on the heels of a global sell-off. Japan’s Nikkei tanked 12%, its worst day since Black Monday in 1987… We had a decent rebound this morning but I was worried it may not last, and things looked like it could all come crashing back down for a few minutes there… Price action had been very, very cautious all day, with small candles and no big, sudden moves, just slow and steady… Until that very moment. As of right now, we don’t have enough clarity to make any bold predictions about what’s next. We did, however, learn from Goldman Sachs CEO David Solomon that the Fed will likely forgo an emergency rate cut, as some talking heads have been calling for, and that he does not see a U.S. recession on the horizon. He also said the recent correction “might be healthy,” and that we’re unlikely to get any cuts before September. I said this morning during my “Premarket Must Watch” that the best course of action right now is to play it safe, keep your head and don’t panic. Panic selling like we saw Monday is often a good sign that the market has bottomed out. Feel free to join me at 8 a.m. ET each morning for my premarket livestream, where I cover everything going on before the open. I always have the most crucial data to watch for each day, and tons of goodies like stocks and key levels to watch — everything you need to be aware of before the trading begins. Just go here to my YouTube channel — and be sure and hit that Subscribe button! Stay safe and trade smart! Roger Scott Roger Scott Trading 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 an inherent risk in trading, so trade at your own risk. Are You Prepared for the ‘Mother of All Pullbacks’? The Dow tumbles 1,000 points on Monday, S&P 500 posts its worst day since 2022 and the Nasdaq crater… Only to bounce today? Many talking heads say it will only get worse… But Graham tends to disagree — HERE’S WHY. Tonight’s 8 p.m. ET broadcast may be the most important of his entire career… And represents the pinnacle of his 15 years in the markets. So set a reminder for 8 o’clock, when I’ll cover….
LIVE at 5 p.m. ET TODAY: ‘30 Minutes of Awesome’ With Jeffry Turnmire More than 80% of the S&P 500 companies have reported earnings... And the results have been total CHAOS! SPX went 356 straight sessions between 2% declines, and only eight more sessions to register the first 3% drop since Sept 2022. Do you know where we are heading next? You better come find out what I have to say at 5 p.m. ET, and bring your tickers! Come find out what Jeffry is watching as he analyzes the SPX, Nasdaq, SPY, QQQ, IWM, oil, gold, Bitcoin, crypto, AAPL, TSLA, AMZN, natural gas and much more. As usual, he takes requests from the crowd! Want to get a link to TradingPub content, trade ideas, real-time market analysis and educational tidbits? We have you covered! Telegram is an entirely free messaging app and getting access is as easy as 1… 2… 3… 1. Download Telegram on your mobile device (Before you can add Telegram to your desktop computer, you must download the application on your phone and create your account: To download to your iPhone, click here. To download to your Android device, click here. After the download is complete, please create an account. NOTE: You can manage your privacy settings by clicking “Settings,” and then “Privacy & Security.” 2. Download Telegram on your desktop: Once you’ve downloaded Telegram onto your mobile device and created your personal account, you can download it onto your desktop computer. To download onto your PC, click here. To download onto your MacOS, click here. 3. Then add our channels by clicking these links!
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Happy Friday! I think by now you've gathered that Fridays are for trivia, right? Of course you did because you're smart...
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