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2 Indicators Pointing to an Oversold Market. What to Expect Next Week

by | Jun 17, 2022 | Market Updates

U.S. stock futures are up this morning as Wall Street grapples with a week of sharp losses — and more in Friday’s stock market recap.

The most important thing investors should have their eyes on right now is the iShares 20-Plus Year Treasury Bond ETF (Nasdaq: TLT). The bond market has been choppy lately and the longer it goes sideways, the less pressure there will be on stocks because it has an inverse relationship with short-term interest rates. 

This is a great sign that we’re bottoming out, or that we’re going to be in a choppier market and that the strongest downside pressure is behind us. 

In fact, volatility via the VIX, or fear gauge, did not make a higher high this week. 

The put/call ratio is still above 1, which means more people buying puts than calls. But this also tells us that the market is stretched out because nobody is buying calls. And when the market starts to turn around, all of the puts will get covered. 

In this morning’s stock market recap video, I’ll go over the latest Federal Reserve report and what it means for stocks… an update on the bond market… how to gauge the current market cycle effectively… where volatility is headed and the pattern that’s developing… which sector is giving hints of a turnaround… and the stocks to focus on next week. 

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. Due to the overwhelming, positive feedback I’ve gotten, I decided to go live again at 1 p.m. EDT on Friday, June 17, with the biggest trading breakthrough of my entire career…  

It’s a brand-new way to trade stocks without having to use any sort of fundamental or technical indicators.

But there’s a catch… 

I’m only letting 250 of my most loyal and dedicated students in on this special journey because my goal is to hyper-focus on the first group before the system officially goes public. 

If you think you have what it takes to be part of the first 250 founding members…

Click 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. 

Stock Market Recap: By the Numbers

This morning’s stock market futures recap: 

DOW (mini)

  • Close: 29,927.07.
  • Futures: 29,996.
  • Change: +63.

S&P 500 (mini)

  • Close: 3,666.77.
  • Futures: 3,682.75.
  • Change: +10.75.

NASDAQ (mini)

  • Close: 11,127.57.
  • Futures: 11,207.5.
  • Change: +48.25.

RUSSELL (mini)

  • Close: 1,649.84.
  • Futures: 1,660.7.
  • Change: +8.9.

Note: Updated as of 9:18 a.m. EDT.

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 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

Roger Scott

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