loader image

Will the Bulls or the Bears Take Control After Wednesday’s BIG Rally?

by | May 5, 2022 | Market Updates

Stock futures dropped just one day after a strong Federal Reserve-driven rally — and more in Thursday’s stock market recap.

It’s normal to open lower following such a rally. A reprieve is healthy — you don’t want the market to be stretched too far to the upside after being stretched so far to the downside!

The S&P 500 gained 3% Wednesday, its biggest one-day gain in three years. During Wednesday’s WealthPress Live Roundtable — join us at 11:30 a.m. EDT each week! — Joy of the Trade’s Jeff Zananiri predicted we would have a big move, and we got one! And Jeff is going live again at 1 p.m. Thursday to reveal his take on what’s going to happen next.

Jeff has been nailing all of his big predictions in 2022, so be sure to join him!

Along with Wednesday’s 0.50% rate hike, the Fed appears to have ruled out future 0.75% increases, with Chair Jerome Powell saying 50-basis-point hikes remain under consideration at the Fed’s next two meetings in June and July.

In this morning’s stock market recap video, you’ll learn which way the market is headed… why Wednesday’s move was significant… how to read the bond market… an earnings preview… how to stay out of trouble given the current volatility… plus my top sector right now.

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. Don’t Try to Be a Hero

In these markets, don’t try to time the bottoms..

Because there’s going to be some fallout.

In fact, according to former $700 million hedge fund manager Jeff Zananiri, there are multiple crashes coming.

He’s been trying to warn traders for weeks now…

And he’s going live at 1 p.m. EDT today, Thursday, May 5, to reveal a unique opportunity to play both sides!

Because if traders aren’t primed to take advantage of market crashes, they could be left on the sidelines watching the grand slam opportunity of the decade pass by.

Don’t Miss His Live Presentation Today!

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: 34,061.06.
  • Futures: 33,747.
  • Change: -224.

S&P 500 (mini)

  • Close: 4,300.17.
  • Futures: 4,258.5.
  • Change: -36.75.

NASDAQ (mini)

  • Close: 13,535.71.
  • Futures: 13,369.
  • Change: -161.75.

RUSSELL (mini)

  • Close: 1,949.92.
  • Futures: 1,930.5.
  • Change: -16.7.

Note: Updated as of 9:27 a.m. EDT

Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.

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