U.S. stock futures fell after a two-session win streak during what is one of the strongest months for the market on average — and more in Tuesday’s stock market recap.
Oil prices rose Tuesday as Western governments consider more sanctions against Moscow after uncovering more atrocities following Russia’s withdrawal from areas near Kyiv.
Volatility is still low, indicating the markets aren’t reacting based on fear. This is both surprising and a good sign considering the magnitude of the war and its effect on global markets.
We’re seeing some choppiness in the bond market. It’s priced in the Federal Reserve’s announcement regarding interest rate hikes, and appears to be consolidating before heading higher. An upward move in the bond market, tracked by the iShares 20-Plus Year Treasury Bond ETF (Nasdaq: TLT), would provide the chance to sell it, as the long-term trend will fall as the Fed moves forward with its rate hikes.
We also have the Federal Open Market Committee Meeting minutes coming on Wednesday, which will shed more light on the Fed’s sentiment regarding rate hikes.
In this morning’s stock market recap video, you’ll discover the major resistance levels on the S&P 500 and Dow… the biggest report to watch this week… which index is most vulnerable to downside trading pressure… a full update on all of the recent market action and how the bond market is reacting to the war… whether volatility is increasing in light of aggressive attacks on Ukraine… plus the top sector gaining momentum right now, and the top stock.
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. The Yield Curve Just Inverted…
And the Fed could do something extreme!
So I’m going live at 1 p.m. EDT on Wednesday to give away my No. 1 sector play for the next six months… for free!
Markets have been resilient lately despite a war and interest rates that are almost certain to rise again soon. So this is a confusing time for some traders.
Join me to go over the only strategy I know of that’s been able to crush S&P 500 returns by 9 ½ times over the past 12 years.*
Click Here to RSVP for Wednesday’s Event!
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:
- Close: 34,921.88.
- Futures: 34,747.
- Change: -81.
S&P 500 (mini)
- Close: 4,582.64.
- Futures: 4,567.
- Change: -10.75.
- Close: 15,159.58.
- Futures: 15,119.
- Change: -45.25.
- Close: 2,095.44.
- Futures: 2,092.8.
- Change: -1.8.
Note: Updated as of 9:25 a.m. EDT
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
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 firstname.lastname@example.org!
- 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 the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.