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Is the Market Consolidating or Ready for Another Leg Down?

by | Apr 1, 2022 | Market Updates

Wall Street logged its worst quarter in two years as Q1 2022 came to a close Thursday — and more in Friday’s stock market recap.

Between high inflation, the Federal Reserve beginning to raise interest rates, and not to mention Russia’s invasion of Ukraine, the markets have been whipsawed by new headlines on a daily basis.

However, stock futures started Q2 on a strong note. Employment growth for March came in lower than expected but still strong. Jobs growth for both January and February was also revised up.

But the question on everyone’s mind is whether this market can continue to rise, or if it’s going to stumble.

Bear markets tend to be listless, which isn’t what we’ve been seeing. The amount of volatility we’re experiencing tells me there’s still life left in this market, especially with earnings season just a few weeks away.

In this morning’s stock market recap video, you’ll discover whether the market is ready to consolidate and trend higher, or stall out and fall back to the base… how this week’s Fed data is impacting the bond market… which sectors look bullish and which ones are falling… plus how to prepare yourself for next week’s trading action right now.

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. 600-Point Swings Create Perfect Environment for Overnight ‘Heaters’

The markets have been up and down to say the least… In fact, it’s been like a roller coaster…

The Dow alone has been swinging on average 500 to 700 points every single day over the past few weeks…

And that can either demolish an account… or it can be the greatest edge a trader could possibly have

What will it be for you?

Let Joy of the Trade Head Trader Jeff Zananiri explain what we mean in this video.

Watch It Here

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. 

Stock Market Recap: By the Numbers

This morning’s stock market futures recap:

DOW (mini)

  • Close: 34,678.35.
  • Futures: 34,761.
  • Change: +143.

S&P 500 (mini)

  • Close: 4,530.41.
  • Futures: 4,546.75.
  • Change: +16.

NASDAQ (mini)

  • Close: 14,838.49.
  • Futures: 14,908.
  • Change: +39.25.

RUSSELL (mini)

  • Close: 2,070.13.
  • Futures: 2,075.6.
  • Change: +9.2.

Note: Updated as of 9:29 a.m. EDT

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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