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Futures In the Dumps After Low-Volume Trading Through the First Two Days of the Week

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Futures In the Dumps After Low-Volume Trading Through the First Two Days of the Week
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May 8, 2024 09:11 AM
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That and more this morning’s “Premarket Must Watch” video!To view this email as a web page, go here.To view this email as a web page, go here.   ON DECK FOR TODAY’S VIP TRADE ROOM: Monday-Wednesday: noon ET | Thursday-Friday: 11 a.m. ETGood time for put debit spreads or just regular puts? Next major catalyst, earnings scorecard, how to determine value vs. price with simple technical analysis, plus my top sectors, top and bottom stocks!  JOIN US HERE! _________________________________________________  Futures In the Dumps After Low-Volume Trading Through the First Two Days of the Week  Tuesday’s lack of trading volume made it feel like a Monday. And whenever you have low volume, it’s hard to get any momentum off the ground. Things are a bit softer this morning, with all three major indices down as the market digests the move higher. Looking at volatility, I see it continuing to fall. The earnings reports we have on deck also aren’t the most volatile companies, which should play into my thesis even more.Gold and crude oil, meanwhile, are down while the dollar is up. Bonds are also a little lower and there’s the same kind of consolidation in the long bond (TLT) and the S&P 500 (SPY).  If you see the bond market get weaker right here, it’s going to start pushing volatility higher and the stock market lower.   That and More in Today’s ‘Premarket Must Watch’_________________________________________________Have You Seen My ‘Big Picture 2024’ Event Yet?   The pre-election madness is already ramping up, and the talking heads are already spewing their gloom and doom stories. But I’m laser-focused on one stock and sector that’s likely to surge as we get closer and closer to the big day in November. So they’re at the top of my long-term hitlist, and I’ll reveal them live at 1 p.m. Eastern today during another special session for my Big Picture 2024!I’ll have that along with my shocking prediction of where I see the S&P 500 closing the year and more…  Just Go Here and I’ll See You at 1 O’Clock!________________________________________________Today’s Top S&P 500 SectorsToday’s S&P 500 CSI LeadersUtilities (XLU)Nvidia (NVDA)Russell 2000 (IWM) Old Dominion Freight (ODFL)MidCap (MDY) Constellation Energy (CEG) 

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