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My Top Stock as the Bond Market Breaks Down

by | Dec 29, 2021 | Stock Market Sectors

The bond market finally started to break down while the Dow approached a turning point — and more in Wednesday’s stock market recap.

I’ve been short the bond market for a while now, and we’re starting to see the kind of action I’ve been predicting. 

The iShares 20+ Year Treasury Bond ETF (Nasdaq: TLT) is down and trading near its 50-day moving average of about $148 per share. More downside is likely in store, so it could drop further to around $146.

The Dow has come up in line with its recent high, and has a good chance of breaking through that level of resistance and heading higher.

Elsewhere in the news, we have the international trade in goods and services report coming Wednesday, while Thursday brings with it the latest jobless claims report. 

In this morning’s stock market recap video, you’ll discover whether the Dow is going to break new highs… an update on crucial momentum levels… a complete review of the 11 major S&P 500 sectors… whether momentum levels are catching up with the market… if bonds will finally break down and how far… and the strongest and weakest stocks I’m targeting right now — with 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: 36,398.21. 
  • Futures: 36,304. 
  • Change: +21. 

S&P 500 (mini)

  • Close: 4,786.35. 
  • Futures: 4,782. 
  • Change: +3.5. 

NASDAQ (mini)

  • Close: 16,488.66. 
  • Futures: 16,508.25. 
  • Change: +20.25. 

RUSSELL (mini)

  • Close: 2,246.51. 
  • Futures: 2,249.4. 
  • Change: +5.2. 

Note: Updated as of 9:15 a.m. EST 

P.S. Turning Point 2022: My Top Predictions for Next Year

Today, I’m airing my brand-new Turning Point 2022” broadcast, where I’ll share my top stock picks and predictions for the New Year…

Inside, you’ll see:

  • The Fed move that will rattle markets in 2022.
  • How volatility is going to ramp up and what it means for swing traders.
  • A little-known pattern setting up in the Russell 2000.
  • And my top picks and predictions!

Click here to access the broadcast! 

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

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