The major indexes are down as control of Congress remains unclear — and more in Wednesday’s stock market recap.
The market saw three straight days of gains heading into the midterm elections as Wall Street expected Republicans to gain ground and block any future tax and spending plans.
Meanwhile, earnings season continues, with The Walt Disney Co. (NYSE: DIS) falling more than 8% in premarket trading, further weighing down the market. The mass media and entertainment company missed both top- and bottom-line estimates for its most recent quarter.
In this morning’s stock market recap video, I’ll discuss how the bond market is sending clear signals and what to expect next… how to gauge current trading action and what’s next after earnings… the most probable scenario for blue chips in the next few sessions… which sectors are oversold and why… an update on Federal Reserve data and what to expect next… the top two stocks I’m gauging right now… and the weakest stock to short or avoid right now.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. The Fed Did It Again
When the Federal Reserve raises rates, the markets flip out… and certain sectors get out of balance.
November was no different… but members of our Alpha Rotation strategy didn’t sweat it.
Because my powerful ETF-rotation strategy has helped them capitalize on only the STRONGEST sectors — while we also short the WEAKEST ones.
You’ve got to see this in action!
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.
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.
