2 Long, 2 Short Trade Ideas as Poor Target Earnings Weigh on Markets

To view this email as a web page, go [here.]( [Roger Scott Newsletter] November 16, 2022 [2 Long, 2 Short Trade Ideas as Poor Target Earnings Weigh on Markets]( The market slid lower Wednesday morning on a worrisome earnings report from retail giant Target — and more in Wednesday’s stock market recap. The company reported weaker-than-expected earnings for the third quarter, and lowered forward guidance as stubbornly high inflation continues to weigh on consumers ahead of the holiday shopping season. The news caused Target to fall more than 15%, dragging the market down with it. With Target setting the tone for Wall Street on Wednesday, don’t be surprised if we see some selling pressure. On a more positive note, October retail sales data came in at 1.3%, just above estimates of 1.2%. The figure, excluding auto sales, also came in at 1.3%, well above the 0.6% expected. In this morning’s stock market recap video, I’ll discuss what to expect from blue chips in the next few sessions… why I'm bearish on retail stocks… two top stocks and which sector continues to lead… the THREE sectors that continue to lag and how to take advantage… whether momentum levels are rising or falling… if volatility is moving in the right direction… if the market is ready to turn bullish or stay bearish… plus the two big reports we need to keep eye on! [Get the Details Here]( ________________________________________________________ Roger Scott 27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ [Don’t Miss My Live Training!]( The volatility we’re likely to see in the coming weeks could make the past year look tame... That’s why I’m holding a special, live class at 1 p.m. ET TODAY, Nov. 16, to share the five market entry signals every trader should know. I’ll show everyone how to use them, pull historic win rates and profit factors… and I’ll reveal the five tickers my bear market indicator is signaling — all in this no-cost session! [Sign Up to Watch Here]( [How We’re Playing Current Market Volatility]( In this week’s The Big Picture, I sat down with Fausto Pugliese, the founder and president of Cyber Trading University. Pugliese began his career on Wall Street as a stockbroker, and he’s a 12-time trading champion at the World Traders Challenge, also appearing on Fox News and CNBC — so he has quite the credentials! And remember, we’re not here just to look at what’s going on in the U.S. economy… We also take a big-picture view of all the major macroeconomic and political events impacting global markets, and our portfolios — that’s why it’s called The Big Picture! In this week’s episode, we discussed: - Why this is the perfect type of market for day trading, plus our top day trading strategies and stocks we’re playing. - Why I’m shorting what I call the “going out” stocks — amusement parks, cruise liners and casinos. - Walmart and Home Depot earnings, and why we’re still bullish on home-improvement stocks despite the housing slowdown. - And more! [Watch The Big Picture Here]( ________________________________________________________ Markets Surge on Big Retail Earnings, Latest Inflation Data November 15, 2022 The markets jumped higher Tuesday morning as the most recent data indicates that inflation is slowing. [Continue Reading]( Big Retail Earnings Week Ahead With Home Depot and Walmart Reporting November 14, 2022 The major indexes were down Monday morning following the S&P 500’s best week since June. 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