The market looks to lock in a monthly gain for March after a two-week win streak — and more in Monday’s stock market recap.
The major indices were flat in premarket trading on Monday, which was a good sign considering that for the past several weeks, Monday and Friday have been down days for the market.
Volatility has ticked slightly higher, but is overall still moving lower toward the 20 level. If the CBOE Volatility Index (VIX) falls below 20, it means the markets are out of the so-called “zone of fear.”
The biggest economic report we’ll be watching this week is Wednesday’s gross domestic product data, which will tell us how much the U.S. economy has grown, especially in light of the war.
Speaking of the war, Russia and Ukraine are set to travel to Turkey this week to continue their talks in an attempt to bring an end to the conflict.
In other news, U.S. and International oil prices fell 5% on the expectation of weaker demand as China launched a two-stage lockdown in Shanghai to contain the country’s worst COVID-19 outbreak yet.
In this morning’s stock market recap video, you’ll learn why the market is trading at a key level… whether fear is increasing or decreasing… the major Federal Reserve announcement this week and what to expect… price levels and in-depth analysis for major sectors… plus two earnings reports you need to pay close attention to this 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. 600-Point Swings Create Perfect Environment for Overnight ‘Heater’ Trades
The markets have been up and down to say the least… In fact, it’s been like a roller coaster…
The Dow alone has been swinging on average 500 to 700 points every single day over the past few weeks…
And that can either demolish an account… or it can be the greatest edge a trader could possibly have…
What will it be for you?
Let Joy of the Trade Head Trader Jeff Zananiri explain what we mean in this three-minute video.
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: 34,861.24.
- Futures: 34,729.
- Change: -30.
S&P 500 (mini)
- Close: 4,543.06.
- Futures: 4,534.5.
- Change: -2.
NASDAQ (mini)
- Close: 14,754.31.
- Futures: 14,767.25.
- Change: +11.5.
RUSSELL (mini)
- Close: 2,077.98.
- Futures: 2,070.7.
- Change: -4.5.
Note: Updated as of 9:20 a.m.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
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!
- 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.
