My No. 1 Sector to Trade Right Now and a Downside S&P 500 Target Level

by | Aug 18, 2022 | Market Outlook, Stocks

Over the past week, I’ve warned you that markets are vulnerable…

In today’s stock market recap, I break down the S&P 500’s chart with updated support and resistance levels. I’ll also point out which four sectors are especially vulnerable over the next few weeks.

But it’s not doom and gloom for all stocks…

There’s one sector in particular that’s showing strength, and I expect it to move higher. Not only will I tell you the sector, but I’ll also tell you exactly how I’d trade it, including the options chain.

We’ll also take a look at the housing sectors. The numbers we’re seeing indicate we could be at the start of a housing recession.

In this morning’s stock market recap video, we’ll discuss why momentum levels are turning south… the single biggest factor that’s causing me to become bearish… an update on major sectors and their biggest vulnerabilities… show you my favorite sector right now… explain why speculative stocks are not ready for prime time… an update on the global economy… and pinpoint the biggest reports you need to focus on.

P.S. This Could Be My Biggest Prediction Yet

I just went live to reveal my biggest prediction since I called the bottom of the COVID-19 crash!

Not only could this new trend affect you and your trading…

But the stars are aligning for a global crisis unlike anything the world has ever seen.

That’s why I held an urgent session to cover…

Why billionaires are piling into one little-known sector in preparation for what might be the worst crisis yet this coming winter.
What experts are saying about a rare 20-year supercycle.
And why parking your money in the S&P 500 over the next few months could cause you to miss out on what could be the most explosive trading opportunities.

Watch the Event Here!

Stock Market Recap

Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.

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

WRITTEN BY
Roger Scott

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