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Does the Market Have More Firepower, or Will We Revert Lower?

by | Oct 14, 2022 | Market Outlook

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.

That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!

Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.

Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details. 

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 the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

Roger Scott

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