Is the Tech Sector Hot or Cold? Plus My Top ETF and Option

by | Aug 4, 2022 | Market Updates

The broader indexes are flat as the market digests jobless claims and International Trade in Goods and Services data — and more in Thursday’s stock market recap.

Weekly jobless claims rose a bit last week but were still in line with expectations. International Trade in Goods and Services came in at -$79.6 billion versus consensus estimates of -$81.9 billion, narrowing more than expected, which is exactly what we wanted to see happen.

Meanwhile, Walmart Inc. (NYSE: WMT) started laying off corporate workers little more than a week after the retail giant warned about inflation affecting consumer spending and cutting its full-year profit outlook.

All eyes will be on the United States’ largest private employer when it reports earnings on Aug. 16.

In this morning’s stock market recap video, I’ll reveal whether tech will continue to dominate… which sectors are becoming fragmented… whether volatility is ready to explode or trend lower… whether bonds will break out to the upside or continue to trend… which sectors you need to pay close attention to and why… the top stocks to own right now for defensive moves to the upside… plus a full update on earnings and today’s data on the table.

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. How Long Can I Keep Up the 100% Win Rate?

The 100% win rate* keeps on rockin’!

Pattern Trader members had the ability this past Friday to lock in their biggest win yet — a 36% gain** on COF in just two days! That’s right on par with our average hold time of three days per trade…

That makes a total portfolio gain of 188%, with an average return of 17.1% per trade — what a hot streak!

And it was all possible with the power of today’s state-of-the-art algos at the tip of your fingers…

Pattern Trader members know the historic win rate, profit factor and equity curve of the trades before they even get in!

That’s why I’m going LIVE at 1 p.m. EDT TODAY, Thursday, Aug. 4, to break down the strategy.

Register for the Event 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. 

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.

*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk. From May 23, 2022, through July 29, 2022, the win rate on live trades is 100%, the average return is 17.1% on the options over a three-day average hold time, and the total portfolio gain is 188%.
**Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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