U.S. stock futures are down this morning as investors wait for the Federal Reserve to release the minutes from its latest policy meeting earlier this month — and more in Wednesday’s stock market recap.
If you look at the iShares Russell 2000 ETF (NYSEArca: IWM), you’ll notice that it’s starting to diverge away from the broader market. While some of the other major indexes trade near lower lows, the IWM maintained its composure and its lows are getting higher.
The put/call ratio — now at 1.01 — remains inflated to the put side, which means the markets are deeply oversold.
The market is mean reverting, so it can only stay at these current levels for so long. When the rubber band snaps, we’re going to see a bull rally like we’ve never seen before.
In this morning’s stock market recap video, I’ll show you which sectors are picking up steam and which are falling behind… the biggest Fed report to watch out for… an update on the bond market and volatility levels… two actionable long trade ideas… and one short trade idea.
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. I’m willing to bet most traders and investors are banging their heads against a brick wall right about now…
But I’ve been turning to one indicator to help me isolate quick, punchy moves in stocks.
I call them “Zip Trades.”
And I’m ready to reveal how the plan I’ve been following to smash the market in 2022 works, and how everyone can locate these trades on their own.
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: 31,928.62.
- Futures: 31,780.
- Change: -100.
S&P 500 (mini)
- Close: 3,941.48.
- Futures: 3,928.5.
- Change: -12.
NASDAQ (mini)
- Close: 11,769.84.
- Futures: 11,724.
- Change: -46.75.
RUSSELL (mini)
- Close: 1,764.83.
- Futures: 1,760.8.
- Change: -4.
Note: Updated as of 9:20 a.m. EDT.
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!
- 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.
