The markets are down once again as volatility spikes just one day after they resumed their upward climb — and more in Wednesday’s stock market recap.
The indices are still trying to digest Federal Reserve Chair Jerome Powell’s Monday comments signaling more aggressive interest rate hikes to fight “too high” inflation.
There’s some good news, though… The broader indices have had a good run since the Fed started raising rates.
And despite the volatility we’re seeing, the S&P 500 managed to close above its 50-day moving average. We want to see it continue to climb, especially past the $460 level, which is an important point of resistance on its way up.
In this morning’s stock market recap video, you’ll discover which sectors to pay close attention to… major price levels and a volatility examination on the major indices… an update on the global economy… plus the top long and short plays in the current environment.
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!
There’s a right way and a wrong way to trade this volatility.
The secret to finding winning trades right now is all in what I call the “Super Stocks.”
That’s why I went live again to break down a strategy that will help investors take a more systematic approach to trading.
I’m also giving out my new e-book so they can better understand all the information I shared.
In it, I talk about the No. 1 mistake traders make that allows Wall Street algorithms to rob them blind. I also reverse engineer the algorithmic system I use in the strategy to show everyone exactly how it works.
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:
- Close: 34,807.46.
- Futures: 34,539.
- Change: -170.
S&P 500 (mini)
- Close: 4,511.61.
- Futures: 4,478.75.
- Change: -26.25.
- Close: 14,654.33.
- Futures: 14,536.5.
- Change: -117.5.
- Close: 2,088.34.
- Futures: 2,071.8.
- Change: -10.2.
Note: Updated as of 9:23 a.m. EDT
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 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.