My Top Long and Short Trades Heading into a BULLISH April

by | Mar 30, 2022 | Market Updates

The markets cooled off this morning following a four-day win streak — and more in Wednesday’s stock market recap.

But the markets could not look better as a whole… We’ve seen a lot of upside and the major indices rose above their 200-day moving averages, but now it’s time for them to consolidate.

April is also bullish from a historical perspective, the third best performing month on average.

We’re also seeing another bullish sign — technology and consumer discretionary stocks are on the rise once more. When people start spending money on the things they don’t need, that’s good for the economy.

Speaking of the economy, Wednesday’s fourth-quarter 2021 gross domestic product report came in just below expectations at 6.9% versus 7.1% expected.

As I’ve mentioned before, there’s always the chance the Federal Reserve could look at a soft GDP number and decide to ease up on its interest rate hike plans, given that the markets are still shaken by the war.

Russia said it will scale back military operations near Ukraine’s capital city of Kyiv. Despite the statement, which was met with skepticism, attacks continued Wednesday.

In this morning’s stock market recap video, you’ll discover why today’s GDP data is a major influence on the bond market… major levels the major indices need to break… the most important sector to watch… how to navigate this market without getting hurt by volatility… whether right now is the best time to go long… plus new long and short trade opportunities.

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 ‘Heaters’

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 video.

Watch It 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: 35,294.19.
  • Futures: 35,090.
  • Change: -102.

S&P 500 (mini)

  • Close: 4,631.6.
  • Futures: 4,610.
  • Change: -15.5.

NASDAQ (mini)

  • Close: 15,239.32.
  • Futures: 15,150.
  • Change: -87.75.

RUSSELL (mini)

  • Close: 2,133.1.
  • Futures: 2,125.9.
  • Change: -5.

Note: Updated as of 9:28 a.m. EDT

On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.

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

WRITTEN BY
Roger Scott

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