by Roger | Jun 30, 2023 | Daily Videos
It’s almost the 4th of July Holiday weekend, yay! But we still have one more full trading session before the fireworks hit the skie, so let’s dive right into it. In today’s Premarket Must Watch morning video, I cover: Which sectors are the big algo traders are...
by rogerscott | Jun 29, 2023 | Daily Videos
We have some BIG, market-moving news bits coming Thursday… First, gross domestic product came in at 2%, way above estimates of 1.3%. Jobless claims also came in under expectations at 239,000 versus 265,000. We also have big earnings on deck Thursday with Nike Inc....
by rogerscott | Jun 28, 2023 | Daily Videos
The Dow is holding up fairly well this morning but the Nasdaq is down quite a bit on the back of bad news concerning U.S. semiconductor chip manufacturers and China… The U.S. government is considering new restrictions on exports of AI chips to China… And big...
by rogerscott | Jun 27, 2023 | Daily Videos
Markets were weak Monday, but things are looking up this morning… We had Walgreens earnings this morning and the company slashed guidance due to lower consumer demand and a slowdown in COVID care demand. We have General Mills, Micron and others coming up on...
by rogerscott | Jun 26, 2023 | Daily Videos
The market is mostly flat before the open, but I’ve been warning for a couple of weeks now that we’re likely to see some downside… Google and Tesla, two major stocks, both got downgrades over the weekend, so that will put even more pressure on the Nasdaq and Nasdaq...
by rogerscott | Jun 23, 2023 | Daily Videos
The Nasdaq is down pretty big this morning, which is not random… Things just aren’t looking great right now when you take a peek under the hood. However, algos are hitting one sector particularly hard as they dump tech stocks. Momentum is weakening and favoring the...