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Major Levels to Watch Next Week as the Market Remains Volatile

by | Mar 18, 2022 | Market Updates

The markets are down again after the S&P 500 and Nasdaq climbed for three straight sessions on Thursday — and more in Friday’s stock market recap.

The Nasdaq and the Dow opened lower after a three-day rally. But in this kind of market, such movement isn’t unusual, especially when we’re seeing 600-point swings on a daily basis in the Dow.

The good news is that despite the volatility, momentum levels are starting to come back up. About 32% of stocks in the Nasdaq are trading above their 200-day moving averages, so there’s likely not much downside left in the market in the near term.

And if the major indices can rise above their 200-day moving averages, there will be a large influx of buyers, propelling the market higher.

In this morning’s stock market recap video, you’ll discover bullish levels for the major indices… which non-energy stocks are making waves… what volatility and market internals are pointing to… whether small caps are ready for action… an update on the latest Federal Reserve data… and how to trade the current market effectively.

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!

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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!

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: 34,480.76.
  • Futures: 34,186.
  • Change: -174.

S&P 500 (mini)

  • Close: 4,411.67.
  • Futures: 4,374.25.
  • Change: -28.

NASDAQ (mini)

  • Close: 14,118.6.
  • Futures: 14,009.
  • Change: -98.75.

RUSSELL (mini)

  • Close: 2,065.02.
  • Futures: 2,046.3.
  • Change: -14.

Note: Updated as of 9:14 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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