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Strongest and Weakest Stocks as Major Sector Rotation Begins

by | May 10, 2022 | Market Updates

U.S. stock futures bounced following the S&P 500’s fall to its lowest level in over a year — and more in Tuesday’s stock market recap.

The brutal selling in the stock market has been caused in part by the rise in the 10-year Treasury yield as traders fear the Federal Reserve is unable to control inflation.

The yield on the 10-year fell below 3% premarket Tuesday morning as the major indexes moved higher.

President Joe Biden is set to deliver comments on inflation Tuesday ahead of key reports coming out on Wednesday and Thursday — the Consumer and Producer price indexes.

We’re also seeing the beginnings of a major sector rotation… For months, the Energy sector was leading and Communications Services was lagging. But all that has changed.

That’s also why I’m holding a special live training session at 1 p.m. EDT today, Tuesday, May 10, to help you prepare for what comes next.

In this morning’s stock market recap video, you’ll learn why the Energy sector is no longer leading… why Communications Services is no longer lagging… the major report to watch this week… an earnings update… the key levels for the long bond and stocks… plus a major sector rotation could be happening!

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. Rate Hikes Are Causing the Markets to Go Haywire 

I’m hosting an urgent, live training session at 1 p.m. EDT today, Tuesday, May 10, and I want everyone to be there!

I’ve been testing a strategy looking for patterns in the stock market leading up to Federal Reserve announcements… and I’ve found what I believe could be the best trading opportunity I’ve ever seen.

I want to reveal it so those who want to take action before the next meeting in June can do so…

Save Me a Spot

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: 32,245.7.
  • Futures: 32,517.
  • Change: +356.

S&P 500 (mini)

  • Close: 3,991.24.
  • Futures: 4,049.
  • Change: +61.5.

NASDAQ (mini)

  • Close: 12,187.72.
  • Futures: 12,512.
  • Change: +318.25.

RUSSELL (mini)

  • Close: 1,762.08.
  • Futures: 1,785.4.
  • Change: +25.

Note: Updated as of 9:24 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

Roger Scott

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