Why tomorrow is a critical trading day

It could make or break your 2020...

Tomorrow is a critical -- and one of my favorite -- days: The first trading day of the new year. It's an opportunity to start fresh and try to surpass your returns from the previous year. My goal for 2020 is to double my entire trading portfolio, and I'm excited to get started. It's a straight-forward objective, but that doesn't mean it's easy or doesn't require detailed planning. It's important to start the year off on the right foot, which is why I spent the final months of 2019 putting together a comprehensive trading blueprint to help me achieve my ambitions goal and start the year fully prepared. And I'm excited to start using it (you're invited to use it as well). It takes into consideration all the possible twists and turns the market could take over the next 12 months and how maximize my returns under those conditions. I put together a short video that details my plan. It covers my favorite stocks, sectors and even top market predictions. You can watch it here for a limited time. And I think 2020 is a prime opportunity to double our portfolios. We should have at least two major trends working in our favor: volatile and bullish markets. The volatility will make it tough for buy-and-hold investors, but it's ideal for traders. The large swings in price means bigger gains in a shorter amount of time if you stay nimble. One reason I see volatility increasing is the fact that it been extremely low for a long time, and history says that it'll need to revert to normal levels sooner rather than later.

But on top of that, we have a presidential election in 2020. That will come into focus once December is behind us. And as you can see in the chart above, VIX was elevated throughout 2016, the last time we had a presidential election. Here's what else I'm predicting will happen in 2020. And why do I expect a bullish market? Well, the Federal Reserve has shown that they'll do anything to prop up stocks. The Fed is making major asset purchases, which will flood the market with cash. And right now stocks are the only game in town — interest rates are low, meaning bonds and savings accounts are paying next to nothing. With more liquidity added to the markets, money will flow to where it's treated best, stocks. There's also a fundamental case for why stocks should keep marching higher. Goldman Sachs is calling for a 10% increase in earnings-per-share (EPS) in the coming year. Increasing profits and EPS announcements that beat estimates should add more fuel to this rally. This is just the tip of the iceberg in terms of how I see 2020 playing out, you can get all the details here. If you want to make doubling your portfolio in 2020 your resolution as well, I want you along for the ride. I'm in it with you — this challenge is as important to me as it will be to you. 2020 is here, start it off on the right foot by joining me here. Roger Scott WealthPress

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