The major indexes are down following the S&P 500’s best week since June — and more in Monday’s stock market recap.
The big question this week is what major catalysts we can expect…
Remember, the market has a short-term memory, and it can go from bullish to bearish in an instant, or vice versa.
The Federal Reserve has offered little guidance on its next steps for interest rates, but the market appears to be pricing in a 0.50% increase after the December meeting.
The biggest news impacting the market this week will likely be earnings reports from major retailers The Home Depot Inc. (NYSE: HD) and Walmart Inc. (NYSE: WMT) on Tuesday.
Earnings estimates have been so low, these companies most likely won’t have a problem beating expectations. I’m more concerned about what guidance they offer for the next year, and what that will say about the state of the economy.
In this morning’s stock market recap video, I’ll discuss why market internals are overbought… if the bond market is helping stocks or putting more pressure on them… if this week’s Fed data will help the bulls or reinforce bears… the biggest catalyst to watch this week… and why the put-to-call ratio has me worried!
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The volatility we’re likely to see in the coming weeks could make the past year look tame…
That’s why I’m holding a special, LIVE class at 1 p.m. ET today, Nov. 14, to share the five market entry signals every trader should know.
I’ll show how to use them, pull historical win rates, profit factors and so much more… all in this no-cost session!
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.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
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 firstname.lastname@example.org!
- 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.