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The Market Is at a Crossroads — Watch These Key Support Levels

by | Dec 16, 2022 | Market Updates

The major indexes are down as this week’s sell-off continues — and more in Friday’s stock market recap.

The Federal Reserve seems poised to continue hiking rates for the foreseeable future. And Thursday’s weak retail sales report indicates consumer spending is slowing amid stubbornly high inflation.

Investors fear the economy is weakening and continue to dump stocks on fears that a recession is on the horizon. But there are signs the selling could be overdone…

In this morning’s stock market recap video, I’ll discuss if the market is overdone to the downside… if sentiment is improving or not… which sector looks set to bounce… which index is overdone to the upside… how to trade the current market cycle… and what to expect next on Wall Street!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

P.S. The Early Bird Gets the Best Trades

The market might open at 9:30 a.m. ET…

But most pro traders are positioning themselves for the best opportunities long before then!

That’s why I record my morning outlook videos before the market opens.

And I just went live with legendary trader Tom Busby to share a little-known but powerful premarket strategy — and it doesn’t cost a thing to attend!

Come see how the pros prepare to attack the market before it opens…

Watch the Session 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. 

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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