More Upside Ahead and the Top Sector Set for Gains!

by | Jul 6, 2022 | Market Updates

The broader indexes ticked higher after the open as Wall Street looked to build on Tuesday’s afternoon rally — and more in Wednesday’s stock market recap.

Chip stocks are gaining strength, as we can see in the VanEck Semiconductor ETF (Nasdaq: SMH). When semiconductor and other speculative stocks have bottomed out and are on the way back up, it’s a bullish sign for the broader market.

Another good sign is that the long bond, iShares 20-Plus Year Treasury Bond ETF (Nasdaq: TLT), continues moving higher. I expect it to hit the $120 level before falling again because we know that long term, interest rates are going higher. But right now, this upward trend in the long bond is giving the stock market some relief.

As I mentioned in Tuesday’s recap, we have the FOMC minutes from the Fed’s June meeting coming out Wednesday afternoon, which should give us an idea of how the Fed is feeling about its interest rate hikes.

In this morning’s stock market recap video, you’ll discover which sectors are lagging and which are ready for big moves… what to expect from the Fed and global economy later Wednesday… if bonds are set to rise or fall and why… if the market is discounting further weakness or getting ready to fall again… plus the best stocks to bet on right now, and the ones to avoid.

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. These Stocks Just Started Their One-Month ‘Sprint’ 

During Jeff Zananiri’s time on Wall Street, he discovered that on the third trading day of every month…  a select group of stocks start a one-month “sprint.”

Why?

Because big institutional and mutual fund managers reallocate their portfolios at the beginning of every month, flooding the strongest stocks more than others inside their portfolios.

Ever since he learned this, it’s allowed him to crush the S&P 500 on a monthly schedule!

For the sake of typicality, so far this year from Jan. 1, through June 30, the average winner from this strategy has been 123.76%…

And the average return per position has been 29.52% over an average 26-day hold time!

Jeff is about to release July’s trades, and you don’t want to miss it!

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. 

Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!

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.

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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