loader image

1 Long, 1 Short Trade as Markets Prep for BIG Turnaround

by | Mar 9, 2022 | Market Updates

The markets are up big this morning following news that the U.S. is sending military, humanitarian and economic aid to Ukraine — and more in Wednesday’s stock market recap.

An initial $10 billion was requested, but strong bipartisan support led to a package of $13.6 billion in aid.

And while we have some important data being released this week — namely the Consumer Price Index and consumer sentiment — the markets are being overwhelmingly influenced by the Russia-Ukraine war.

And it seems fear over the war is, for the moment, fading again. The markets have been up and down but despite that, the bond market continues to sink. And that means there’s no longer a “flight to quality.”

In this morning’s stock market recap video, you’ll discover the major factors driving the market… the top sectors to follow… plus one long trade set up and one short, complete with options.

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. Traders Left to Fend for Themselves

Funds and institutions use algorithmic trading to give themselves an almost unfair advantage over the rest of the market… leaving other traders to fend for themselves.

That’s why I created this brand-new e-book where I breakdown how Wall Street has found a way to win no matter what direction the market goes.

I also put together a boot camp training session to break down how my strategy works, and show how any trader can use it to battle the algos in the market right now.

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: 32,632.64.
  • Futures: 33,097.
  • Change: +495.

S&P 500 (mini)

  • Close: 4,170.7.
  • Futures: 4,237.25.
  • Change: +68.5.

NASDAQ (mini)

  • Close: 13,267.61.
  • Futures: 13,556.
  • Change: +286.

RUSSELL (mini)

  • Close: 1,963.01.
  • Futures: 1,988.7.
  • Change: +28.4.

Note: Updated as of 9:10 a.m. EST

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 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

What to read next

99 Problems and a “Pivot” is One

99 Problems and a “Pivot” is One

A friend of mine sent me this chart about three months ago. I should probably print it and keep it in my wallet next to a photo of my daughter. Given the sheer number of questions I’ve fielded lately, I’ll probably end up showing this chart more than her picture.

read more
Everything Everywhere, Going Down, All At Once

Everything Everywhere, Going Down, All At Once

When our momentum reading went negative last week, I didn’t know that we’d have the second largest bank failure in U.S. history three days later. All I knew was that it went negative… and that we got out of the way.

read more
Trust But Verify…

Trust But Verify…

I want to talk about our version of “Trust but Verify” in the markets. Qualification is the most important part of the investing process. And this F score value strategy looks to be crushing the current market.

read more

Have any questions? Contact Our Customer Service Team