Is the Rally Over? Plus My Top ETF and Option Pick!

by | Jul 21, 2022 | Market Updates

The major indexes are down except for the Nasdaq, lifted by Tesla and its solid earnings report — and more in Thursday’s stock market recap.

Tesla Inc. (Nasdaq: TSLA) reported better-than-expected earnings per share, sending the stock higher despite its falling automotive margin. The EV manufacturer’s automotive margin for the second quarter came in at 27.9% compared to 32.9% for the previous quarter as it faced rising materials costs and part shortages due to supply chain issues.

In the travel sector, strong demand helped American Airlines Group Inc. (Nasdaq: AAL) reported results that were largely in line with analyst expectations despite inflation and COVID-19 concerns.

United Airlines Holdings Inc. (Nasdaq: UAL) released its first quarterly report without government aid since the start of the pandemic, coming in below Wall Street estimates and causing the stock to slide about 8% in premarket trading.

In this morning’s stock market recap video, you’ll learn which sector is set to lead and why… which sector to stay away from for the next few sessions… why the market is rallying and when will the rally end… an update on earnings season and two stocks to watch… the top sector right now and how to profit from it…  plus a critical update on the Pattern Trader strategy!

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. An Unbelievable 100% Win Rate… in THIS market?!

My 249 beta testers actually did it!

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

All while the markets have been a complete train wreck!

That’s why I’m going LIVE at 1 p.m. EDT on Thursday, July 21, to reveal these five secret market patterns…

You’re going to see exactly what the patterns are, the historic win rate and profit factor of each… 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. 

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!

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 May 23, 2022, to July 12, 2022, on live trades, the average win rate is 100% and the average return is 15.3% over a three-day average hold time. 

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

What to read next

Have any questions? Contact Our Customer Service Team