U.S. stock futures were slightly higher this morning before giving up gains as Treasury yields rose after an update from the European Central Bank — and more in Thursday’s stock market recap.
The SPDR Dow Jones Industrial Average ETF Trust (NYSEArca: DIA), which tracks 30 large-cap Dow stocks, has been trading in the same range for eight days now. This has created a lot of choppiness, which is one of the worst things that could happen because we need some type of directional bias from the market.
However, it’s also pushing volatility via the VIX, or fear gauge, a little bit lower…
This is creating a nice base. So if you look at the iShares Russell 2000 ETF (NYSEArca: IWM), an ETF that tracks small-cap stocks, you’ll notice that it’s starting to break out. I like the IWM right now and the longer it stays at these levels, the better chance we’ll be able to build a nice foundation.
In this morning’s stock market recap video, I’ll explain why the market is so choppy right now… what the U.S. dollar rising means for traders… the major catalyst everyone is waiting for this week… whether the bond market is going to rise or fall… which sector is in the lead right now… key market levels to pay attention to… and the top ETF with an options pick.
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. Are you lost in the stock market with nowhere to go?
If your trading account is plummeting faster than you can say “inflation,” don’t worry because I have just what you need…
I’m hosting a private workshop at 9 a.m. EDT on Saturday, June 11, where you can learn to take control of your financial education.
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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!
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Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 32,910.9.
- Futures: 32,829.
- Change: -60.
S&P 500 (mini)
- Close: 4,115.77.
- Futures: 4,100.5.
- Change: -13.5.
- Close: 12,615.13.
- Futures: 12,552.75.
- Change: -64.25.
- Close: 1,891.01.
- Futures: 1,883.4.
- Change: -6.1.
Note: Updated as of 9:20 a.m. EDT.
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 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
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.