The markets are down again as the war between Russia and Ukraine continues, with the Dow down more than 300 points — and more in Friday’s stock market recap.
Following Federal Reserve Chair Jerome Powell’s statement that he favored a more modest approach to raising interest rates, he warned Thursday that the conflict in Ukraine is likely to worsen inflation in economies all over the world.
We can already see the effects in higher prices for oil and other commodities. Not to mention, the conflict is likely to further disrupt supply chains still recovering from the pandemic.
Volatility continues to climb, indicating increased fear in the market.
It’s a difficult market to trade, but there are some opportunities out there, if you know where to look.
In this morning’s stock market recap video, you’ll discover the two major indicators that are gauging current market action… key levels on the S&P 500 and Nasdaq… the top non-energy stocks leading the market… a review of the top trades from this week…. plus a preview of what to expect from the market next 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!
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I’m going live at 1 p.m. EST on Tuesday, March 8, to break down how my strategy works, and how any trader can use it to battle the algos in the market right now.
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Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
DOW (mini)
- Close: 33,794.66.
- Futures: 33,403.
- Change: -346.
S&P 500 (mini)
- Close: 4,363.49.
- Futures: 4,314.
- Change: -45.25.
NASDAQ (mini)
- Close: 14,035.21.
- Futures: 13,886.5.
- Change: -144.
RUSSELL (mini)
- Close: 2,032.41.
- Futures: 2,005.9.
- Change: -24.7.
Note: Updated as of 9:20 a.m.
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!
- 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 Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.
