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Market About To Break Out? Plus Earnings Update!

by | Jul 19, 2022 | Market Updates

Futures rose as the market looked to sustain its momentum from Monday’s session — and more in Tuesday’s stock market recap.

This week we can expect data on the housing market and jobless claims, as well as the Philadelphia Fed Manufacturing Index and PMI Composite. But most of the attention will be on earnings…

Trading always heats up around earnings season, that’s why at 1 p.m. ET today, Tuesday, July 19, I’m holding a special class for my Pattern Trader strategy, at absolutely no cost!

And I’m not holding back — I’ll show you how I came up with this strategy, how it works, and even a FREE trade! So if you want to learn how I’ve generated nine winners in a row,* in this market, go here to join the class!

As earnings season coverage continues, International Business Machines Corp. (NYSE: IBM) exceeded expectations for both revenue and profit. Shares slumped in premarket trading on Tuesday, however, on news that the company lowered its outlook for free cash flow for the year, citing foreign exchange difficulties and the suspension of its business in Russia.

Netflix Inc. (Nasdaq: NFLX) reports after the close Tuesday, with expectations for earnings per share of $2.96 and revenue of $8 billion. Investors will also be paying close attention to the company’s subscriber numbers — it previously warned that it expected to lose 2 million subscribers in the period ending June 30.

In this morning’s stock market recap video, I’ll reveal what to expect from earnings… which sector is expected to lead this summer… the biggest report of the week… how to gauge the current market cycle… plus the best way to take advantage of the market.

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!

P.S. Unbelievable 100% Win Rate, in THIS market?!

My 249 beta-testers actually did it!

The FIVE secret patterns have achieved a 100% win rate on LIVE trade alerts so far!*

All while the markets have been a complete trainwreck!

That’s why I’m going LIVE at 1 p.m. ET on Tuesday, July 19 to reveal these five secret market patterns immediately…

You’re going to see exactly what the patterns are, the historic win rate and profit factor of each one… and even get the exact entry and exit rules of the strategy.

All at absolutely no cost!

This could be the biggest discovery of my entire career, and I can’t wait to share this major breakthrough with you!

Get the Details 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 Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.

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.

*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time. 

WRITTEN BY<br>Roger Scott

Roger Scott

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