The major indexes are down following the S&P 500’s worst first half since 1970 — and more in Friday’s stock market recap.
With a three-day holiday weekend for the Fourth of July coming up, a lot of traders are going to be taking off Friday for travel, so expect low volume and little to no directional bias.
Chip-maker Micron Technology Inc. (Nasdaq: MU) released earnings just below expectations Thursday after the market close. Micron is oversold to the downside, as we can see in the divergence between the stock price and its Relative Strength Index.
Micron’s earnings could impact the chip sector, so we’ll want to keep an eye on the VanEck Semiconductor ETF (Nasdaq: SMH).
In this morning’s stock market recap video, you’ll learn what to expect from the market Friday… whether volatility is declining and what it means for the overall market… why the bond market is dictating how tech and consumer stocks behave… an update on volatility and how it’s impacting current trends… an update on what to expect next week with key levels… and how to trade the current market with seasonal patterns!
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!
Quick reminder that I’m going live at 1 p.m. EDT TODAY, Friday, July 1!
I know many of you are getting ready for the long Fourth of July holiday weekend, but I strongly encourage you to join me and Tom Busby in the trade room before markets close today…
We’ll send you off right by giving you the names of three stocks that are in motion right now.
Make sure to enter the room before 1 p.m. EDT today to reserve your seat…
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 firstname.lastname@example.org!
- 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
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.