The major indices are flat before the open as investors await the next market catalyst and digest the recent rally.

We are seeing some movement in individual stocks, with meme stock GameStop’s shares plummeting about 21% following CEO Matthew Furlong’s firing.

Meanwhile, several key sectors appear overbought, meaning a pullback should be just around the corner.

In today’s Premarket Must-Watch video, I also cover…

  • 📉 Expect a decline in the equal-weighted NASDAQ 100 (QQQE) due to the AI frenzy, with individual stocks like Apple, Amazon, Meta, Nvidia and Google likely to be affected.
  • 📉 The Dow may be topping out, along with sectors that have already broken out. Keep an eye on the energy sector, which looks bullish but is likely to cool off.
  • 📈 The bond market is currently down due to Canada raising rates, but it may rally in the short term.
  • 📈 Industrial sector looks good and is breaking out, but momentum levels suggest it may cool off soon.
  • 📈 Expect Consumer and Producer inflation data to come out soon, while the Nikkei and China remain optimistic about the economy.

5 Algo Stocks Triggered

The single biggest discovery in my three-decade trading career just TRIGGERED on five under-the-radar stocks…

So I’m going to host one more live broadcast NO REPLAY AVAILABLE at 1pm ET TODAY, June 8, where I’ll not only give you the top 5 Stocks from my hottest algo program…

But I’ll also give you one FINAL chance to claim my biggest gift of the year!

Want to attend and receive the watchlist today at 1pm ET?

RSVP So I Can Count You In