It’s going to be an interesting week, a week that could decide whether the bulls or the bears are in control on Wall Street — and more in Monday’s stock market recap.
We had a major sell-off on Friday and markets are fairly stable this morning, and we’ll see what happens after the open. There isn’t much news this morning that could act as a big catalyst, but we have a lot of news yet to come this week…
The major cloud over the market right now is of course the Russia-Ukraine situation. We also have the Producer Price Index and Redbook coming Tuesday, which is private retail sales data, Federal Open Market Committee minutes and retail sales data coming Wednesday. On Thursday, we have housing permits, jobless claims, existing home sales and the Manufacturing Index…
So there are a few things we should get a good grasp on this week. We should have a good understanding of where the housing market is going, and hopefully when the Federal Reserve is going to raise interest rates and by how much.
But the big, BIG report of the week is Industrial Production and the Philadelphia Fed Manufacturing Index report. I’m also looking for the bond market to be bullish this week.
In this morning’s stock market recap video, we’ll discuss the above and dive into why the Fed may hold off on dialing back stimulus… current internal levels, which are oversold… a crucial update on key levels for the major indices… an update on major 11 sectors with levels… and an update on Ukraine and Russian conflict.
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!
P.S. When News or Earnings Hit, There’s Generally a LARGE Move in Stock Prices…
Even when earnings are positive, any minor negative news associated with it can trigger a short-term panic sell…
Causing a temporary imbalance of the bulls vs. bears.
So while most traders’ accounts get wrecked during this “imbalance” period…
Markay Latimer’s 120 Rebound setup gives us the chance to get in on these tanked stocks at a massive discount…
And ride them back to the top in 120 hours or less!
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Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
DOW (mini)
- Close: 34,738.06.
- Futures: 34,591.
- Change: -36.
S&P 500 (mini)
- Close: 4,418.64.
- Futures: 4,403.5.
- Change: -6.
NASDAQ (mini)
- Close: 14,253.84.
- Futures: 14,204.25.
- Change: -36.25.
RUSSELL (mini)
- Close: 2,030.15.
- Futures: 2,027.5.
- Change: +1.8.
Note: Updated as of 9:08 a.m.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
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!
- 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 Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.
