Micron Weighs on Chips, Tech as Hopes for a Santa Rally Fade

To view this email as a web page, go [here.]( [Roger Scott Newsletter] December 22, 2022 [Micron Weighs on Chips, Tech as Hopes for a Santa Rally Fade]( Before we begin, I want to invite everyone to join On the Go Investing’s Celeste Lindman as she takes over my VIP Champion Trade Room for a special market update session at 10 a.m. ET today, Dec. 22! She’ll discuss where we are in the global economy, why that's important for us traders, and the strongest sectors responsible for driving our economy forward. Use this link to join the session at 10 a.m. ET today: [( Now, on to Thursday’s stock market recap… The major indexes are down as the market sells off again heading into the long holiday weekend. Tech stocks led the market lower, with Micron down 4% in premarket trading. The chip manufacturer released a disappointing quarterly earnings report and announced a 10% staff reduction, pulling down the rest of the chip sector along with it. But it’s not all doom and gloom heading into the holidays… U.S. third-quarter gross domestic product came in at 3.2%, above consensus estimates and the prior figure of 2.9%. In this morning’s stock market recap video, I’ll discuss whether Wednesday’s rally was meaningful or a bear trap… what the bond market is telling us about price action… whether semiconductors are set to rip higher or sink lower… the key report coming out Thursday that will shape market action… how to navigate the current market environment… plus a major sector update! [Get the Market Update Here]( ________________________________________________________ Roger Scott 27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ [Charting Some of the Biggest Moves This Week!]( Federal Reserve rate hikes, gross domestic product data and consumer sentiment reports… These critical announcements have many investors stressed about what's to come in the near future, and what it means for their portfolios… But me? I couldn’t care less. That’s because I use an obscure charting tool to dissect the accelerated market moves we’re seeing right now. This tool harnesses the power of Wall Street to pick up on moves with high historical probabilities. After all, it's the holiday season… so who wants to be stressed during one of the happiest times of the year? That’s why I just held a special presentation to show traders how to hunt down some of the biggest moves this week using this specific tool! [Watch the Event Here]( 2 Stocks on My ‘Nice’ List, and 2 on My ‘Naughty’ List December 21, 2022 The major indexes rose Wednesday morning on strong earnings reports from Nike and FedEx after the bell on Tuesday. [Continue Reading]( Central Banks Shock Global Markets as Wall Street Falls Through Support December 20, 2022 The major indexes were flat Tuesday morning as investors fear we might not see a Santa Claus rally this year. [Continue Reading]( * Profit examples represent buy and sell signals generated by the Champion Indicator Strategy from 09/03/02 to 9/28/2022 and may not be typical. Profit results are based on simulated trading and not actual trades. No actual money is invested, nor are any trades executed. Simulated trading services in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. There are risks involved with trading including the risk of loss. 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