2 Key Factors Driving Price Action Ahead of Wednesday’s Fed Decision

by | May 3, 2022 | Market Updates

U.S. stock futures are flat following Tuesday’s reversal that saw the major indices end the day in the green — and more in Tuesday’s stock market recap.

While many investors believe us to be in a bear market, market internals indicate otherwise.

In a bear market, stocks become listless. But as we can see in the average true range on the Dow, which is over 600 points a day, we still have heightened volatility. The wild swings don’t indicate a bear market but rather a market that’s in play.

Investors are awaiting the Federal Reserve’s key decision on interest rates coming on Wednesday as we contend with high inflation, fears of a coming recession and the ongoing Russia-Ukraine war.

In this morning’s stock market recap video, you’ll discover the No. 1 sector right now… how to gauge market action with the insane volatility… the biggest earnings reports and what to expect… major Fed data and what it means for tech stocks… key internals pointing to a major event in the markets… plus my top ETF.

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. May 4… All Hell Breaks Loose… or Markets Soar? 

The Federal Reserve is expected to make a major move on May 4…

If it raises rates 0.75%… will all hell break loose?

If it only raises 0.25%… will markets soar?

No matter what happens, stocks are going to MOVE… big time!

And traders MUST be prepared to take advantage!

Former $700 million hedge fund manager Jeff Zananiri is preparing for the massive moves ahead.

Here’s How

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: 33,061.5.
  • Futures: 33,008.
  • Change: +28.

S&P 500 (mini)

  • Close: 4,155.38.
  • Futures: 4,157.75.
  • Change: +7.

NASDAQ (mini)

  • Close: 13,075.85.
  • Futures: 13,104.25.
  • Change: +30.

RUSSELL (mini)

  • Close: 1,882.91.
  • Futures: 1,879.9.
  • Change: +0.1.

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

WRITTEN BY
Roger Scott

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