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ON DECK FOR TODAY’S VIP TRADE ROOM: Monday-Friday: noon ET What earnings and statements are pointing to, the trade war and price action, how to price debit spreads for proper risk-reward, time spreads and why it may be time for non-directional strategies, why I’m avoiding strangles and straddles, and fast-moving stocks! JOIN US HERE! 2 Scenarios for Gold and the Critical Levels to Watch for the Dollar, Long Bond Stocks are down but action is largely random — I’m not loving what we’re seeing so far after reports that the U.S. and China haven’t even begun negotiating the ongoing trade war. I’m getting more bullish on crypto so long as the U.S. dollar remains in its current range below 100, also known as “par.” People won’t want to put their money into the U.S. market as long as the dollar remains under par. The next level for the dollar ($DXY) is 98. And if we can’t rally over the next few days, it’s likely to fall again. Keep the 99 level in mind and just know that it’s not good for the market so long as we’re below that. The bond market (TLT) is also facing a big amount of resistance — about six different levels. If you see TLT trading below $87.40, that’s bad. As far as gold, there are two scenarios likely to play out… One, we consolidate here and form a new base near the eight-day EMA, which would take several days to build. The other scenario, which is what I’d prefer, is we come down. If we break the eight-day EMA, I’d be comfortable buying gold again in the low $3,100 range because gold is still making higher highs and would likely bounce from there. It’s in the twilight zone right now, so I’d wait until we find out if we’re coming back down or building a base where we are. China (FXI) is right above a breakout level but there’s resistance above, including the 50-day moving average... While you’re here, if you’d like to get my hitlist of fast-moving stocks for the afternoon session each day via text… Just follow this link!* Keep in mind that I’m not telling you to buy or sell these stocks. They are tradable the rest of the day and even overnight IF their momentum continues, nothing crazy happens like a big news bomb, and they meet your criteria, whatever that may be as part of your trading plan. If History Repeats Itself, the Market Could Close the Year in the Red! You see, when the market’s lost over 15% of its value, it’s closed in the red for the year 81% of the time… ![]() And now, we could be on the verge of something even bigger. But there’s a way to sidestep the upcoming chaos… 🎥 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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