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2 Key Price Levels That Will Save You From This Crazy Volatility

by | Feb 18, 2022 | Market Updates

It’s another volatile day on Wall Street as tensions continue to rise between Russia and Ukraine — and more in Friday’s stock market recap.

Not only have more Russian troops been seen gathering at the border, but Moscow has also announced that its nuclear forces will start holding drills.

Further conflict would drastically affect energy prices, as Russia is Europe’s largest supplier of natural gas.

However, energy prices actually peaked five days ago and have started to come down.

If Energy Select Sector SPDR Fund (NYSEArca: XLE), an ETF that tracks the Energy sector, breaks below the $66 level, it’ll be a bullish sign for the markets, indicating that fears of further conflict are declining.

In this morning’s stock market recap video, you’ll also discover the key levels to pay attention to for two major sectors… an update on current momentum and volatility levels… plus tips on how to trade this market cycle.

Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to! 

I’m Opening the Doors to My Live Trade Room Session Today… 

And I want to see YOU there!

Inside the trade room, I’ll cover:

  • Crucial market levels to keep your eyes on over the next two weeks.
  • Current volatility update and what to expect next.
  • Market sentiment and what that means for your money.
  • Earnings and the best way to take advantage of them.

Your VIP Trade Room complimentary session is scheduled for 11 a.m. EST today! 

Seats Fill up Fast. Don’t Be Late!

Stock Market Recap: By the Numbers

This morning’s stock market futures recap: 

DOW (mini)

  • Close: 34,312.03.
  • Futures: 34,219.
  • Change: -12.

S&P 500 (mini)

  • Close: 4,380.26.
  • Futures: 4,377.25.
  • Change: +2.25.

NASDAQ (mini)

  • Close: 14,171.74.
  • Futures: 14,192.
  • Change: +27.25.

RUSSELL (mini)

  • Close: 2,028.09.
  • Futures: 2,028.
  • Change: +2.2.

Note: Updated as of 9:17 a.m. EST  

On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.

Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to support@marketgeeks.com

Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

Roger Scott

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