loader image

1 Long, 1 Short Trade as the Market Digests Disappointing Sales Data

by | Dec 15, 2021 | Market Updates

Retail sales data is out — and it’s disappointing — as we move into the final day of the Federal Open Market Committee meeting — and more in Wednesday’s stock market recap.

Retail sales are important because the data makes up two-thirds of the U.S. economy. And it’s one of the things the Federal Reserve will take into consideration during its discussion Wednesday.

Retail sales for November rose 0.3% from the previous month, about two-thirds lower than Wall Street projections of 0.8%. 

The Fed is still expected to aggressively taper its bond purchases, leading to a hike in interest rates. 

We’ll likely hear how the central bank views inflation, now that it’s admitted inflation is no longer transitory. 

In this morning’s stock market recap video, you’ll learn why Wednesday’s retail data could drive the markets for weeks… what to expect from the FOMC… what market internals are telling us… why volatility levels are declining… whether small caps are positioned to trade higher or lower… the top sector money is flowing into right now… and a long and short trade, both with options and price levels.

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! 

Stock Market Recap: By the Numbers

This morning’s stock market futures recap: 

DOW (mini)

  • Close: 35,544.18. 
  • Futures: 35,425. 
  • Change: -20. 

S&P 500 (mini)

  • Close: 4,634.09. 
  • Futures: 4,628.75. 
  • Change: +0.75. 

NASDAQ (mini)

  • Close: 15,914.9. 
  • Futures: 15,910. 
  • Change: -12.25. 

RUSSELL (mini)

  • Close: 2,159.65. 
  • Futures: 2,159.8. 
  • Change: +2.3. 

Note: Updated as of 9:23 a.m. EST 

P.S. Why This Could Be the Best Time to Watch the Market

Joy of the Trade’s Jeff Zananiri is pulling back the curtain on a trading method that mainly pushes our attention to the stock market right before it closes. 

That’s because from the time the market opens until about 3 p.m. EST, Wall Street has the upper hand. But once 3 o’clock rolls around, the big funds on Wall Street tend to bleed cash… 

Which sends certain stocks crashing lower. 

Ready to take advantage of Wall Street’s weakest hour and learn why these massive opportunities may exist? 

Learn Jeff’s Revolutionary Trick

Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!

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

What to read next

99 Problems and a “Pivot” is One

99 Problems and a “Pivot” is One

A friend of mine sent me this chart about three months ago. I should probably print it and keep it in my wallet next to a photo of my daughter. Given the sheer number of questions I’ve fielded lately, I’ll probably end up showing this chart more than her picture.

read more
Everything Everywhere, Going Down, All At Once

Everything Everywhere, Going Down, All At Once

When our momentum reading went negative last week, I didn’t know that we’d have the second largest bank failure in U.S. history three days later. All I knew was that it went negative… and that we got out of the way.

read more
Trust But Verify…

Trust But Verify…

I want to talk about our version of “Trust but Verify” in the markets. Qualification is the most important part of the investing process. And this F score value strategy looks to be crushing the current market.

read more

Have any questions? Contact Our Customer Service Team