The major indexes are down on the last trading day of 2022 — and more in Friday’s stock market recap.
As I mentioned in Thursday’s stock market recap, all three are set to lock in their worst year since 2008 and a three-year win streak.
As we move into 2023, many investors are bracing for a recession, rotating into cash and defensive sectors like Consumer Staples and Health Care, which continue to be the market’s strongest sectors.
In this morning’s stock market recap video, I’ll reveal how algos are changing market dynamics… why we can’t trust the major indexes right now… which sectors should continue to lead into 2023… what to expect from the long bond over the next few weeks… if momentum levels are shifting or still bearish… plus which index has the most downside potential and why.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Three Must-See Stocks Before the New Year
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’ll reveal how to trade them — and the three stocks I’m watching in the new year — during a special live presentation at 10 a.m. ET this Saturday, Dec. 31. And it doesn’t cost a thing to attend!
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!
- 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.
