The major indexes are up as investors look toward 2023 — and more in Wednesday’s stock market recap.
As I mentioned in Tuesday’s stock market recap, when we have shortened trading weeks, a lot of traders step away from their desks, especially between Christmas and New Year’s. That means volume and liquidity are low, which can lead to heightened volatility.
The market and investors alike are digesting the most recent manufacturing and housing data Wednesday morning, looking for signs that the economy is cooling. If it is, it could signal that it’s time for the Federal Reserve to further slow its pace of interest rate hikes.
In this morning’s stock market recap video, I’ll discuss whether it’s time to shift money into energy stocks again… whether it’s a good time to go long tech stocks… how to navigate the bond market… which sectors are rising and which are falling… how to gauge the current market cycle and what to expect next… an update on the global economy and how China is coming out of its COVID-19 crisis… what’s going on with Tesla stock and why it’s on the move… plus my top stock to buy right now and two stocks to dump ASAP!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Do You Know What a Codebreaker Stock Is?
I may have just “cracked the code” to a bear market with this one pattern!
I’ve found that over the past five years, this single candlestick pattern has a historic win rate of 100% on some of the most explosive stocks in the market!*
You’ve probably never heard of many of these names….
In fact, you won’t find a single one of them in the S&P 500!
No, they’re not speculative biotechs with no earnings, shady crypto companies or risky penny stocks…
But I will reveal how to trade them — at no cost!
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.
Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!
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 email@example.com!
- 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.