The major indexes are up as the S&P 500 tries to put an end to its five-day losing streak — and more in Thursday’s stock market recap.
Wall Street continues to evaluate the possibility of a recession.
Thursday’s jobless claims report showed a slight uptick from the previous week’s number, but was in line with expectations.
Earnings season might be winding down, but retail giant Costco Wholesale Corp. (Nasdaq: COST) is scheduled to report after the closing bell Thursday afternoon. Investors will look to see how the company is performing, and what it says about consumer spending and the economy.
In this morning’s stock market recap video, I’ll discuss why the global economy is struggling right now… an update on the long bond and whether I expect it to sink or rise… which key sectors are in play and which ones are in grave danger… whether market internals are pointing to a rise or fall in prices… how volatility is reacting to current trading action… how to position yourself for the next few weeks… plus my top option to buy in the most defensive sector!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
In just a matter of days, the Federal Reserve is doing something that could send shockwaves yet again through the market…
Stocks could soar or plummet in a matter of minutes.
That’s why Chuck Hughes has been working on an underground project to help traders get in front of the big announcement…
And we just went LIVE for the big reveal!
If you missed the presentation, it’s not too late…
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!
- 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.
