The biggest question I’m getting right now is how much earnings will impact the stock market, and whether or not Thursday’s rally is the beginning of something bigger — and more in Wednesday’s stock market recap.
Stock market analysts and talking heads always have to give a reason why the market is doing what it’s doing. And they didn’t have much to say about Thursday’s rally.
The Consumer Price Index inflation data came in hotter than expected, and yet the market rallied. The big news today is going to be retail sales. As long as it’s positive, that will be good news for the market.
In today’s video, we’ll discuss whether stocks have more firepower to the upside… what’s driving stocks right now… which sector to remain bullish on… whether or not volatility will start to spike or pullback… whether it’s time to move into utilities… if financials are starting earnings season off on the right track… and the key price levels for SPY and QQQ.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
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P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
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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 firstname.lastname@example.org!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.