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Have We Reached the Bottom? Plus My Top Stock and Sector

by | Sep 28, 2022 | Market Updates

The major indexes are mixed as the Bank of England moves to purchase long-dated U.K. government bonds to try and stabilize the British pound — and more in Wednesday’s stock market recap.

China’s yuan fell to a new 14-year low against the dollar Wednesday. These currency fluctuations and troubles in the global economy — and the U.K. in particular — are likely why the U.S. market has been down the past few days.

And while most sectors of the market are struggling, small caps are showing their strength. And the strongest stocks among small caps right now are biotechs. They’re smaller and more speculative, but the Health Care sector isn’t as affected by changes in interest rates. Plus, their developments in the medical field will also receive funding from the government.

And speaking of interest rates, I just sat down with Joy of the Trade’s Jeff Zananiri in this week’s edition of The Big Picture With Jeff & Roger to discuss whether the Federal Reserve is done bringing the pain. Watch our session here!

In this morning’s stock market recap video, I’ll discuss why I’m focused on small caps… what needs to happen for markets to bottom out… if it’s time to short volatility… what to expect from the upcoming GDP report… an update on momentum levels and what it means for stocks… why shorting may not be the best idea… plus the top stocks 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. Introducing My NEWEST Strategy!

I’m often asked how traders can participate in my upcoming projects…

The answer has always been the same…

When I have something, you’ll be among the first to know.

And right now, this is me letting you know!

What I uncovered in this new strategy shook me to my core…

That’s why I’m about to go live at 1 p.m. on Wednesday, Sept. 28, for the full reveal!

Catch the Session Here 

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!

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

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