Is Consumer Discretionary Ready to Break Out Again?

by | Sep 9, 2022 | Market Updates

Before we get into Friday’s stock market recap, I want to remind you that you’re invited to join a special open house session of my VIP Trade Room at 11 a.m. EDT this Friday, Sept. 9! Just use this link to join Friday’s session!

So let’s get to it…

The major indexes rose Friday morning as Wall Street looked to shake off a three-week losing streak — and more in this stock market recap.

Federal Reserve Chair Jerome Powell again stated his commitment to fight inflation Thursday morning.  And we’ve seen a lot of volatility in the market as investors both expect and fear another 0.75% rate hike later this month.

All this choppiness is why I love using algos to trade.

A lot of people might think algos are complicated, and they can be, but they’re only as complicated as you make them. So I’ll go over a few examples in this video.

In this morning’s stock market recap video, I’ll reveal which sector is ready for more upside, and which one is vulnerable to downside pressure… whether or not volatility will increase… whether or not bonds will continue trading in a channel… if the latest Fed data is already priced into the market… the most probable scenario for stocks over the next few sessions… plus what to expect next week!

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. Are You Prepared for Sept. 20? 

There’s a straightforward way I analyze the market that often leads me to the biggest moves in the investment world before they happen.

And there’s no funny business required with the strategy I’m going to share at 1 p.m. EDT TODAY, Friday, Sept. 9. And it costs nothing to attend!

It’s based on an age-old secret that Vanguard’s John Bogle calls “the most important rule for investors to learn.”

And without understanding this basic principle, trading will only get more challenging.

All you need to do is cut out all the noise in the market, forget about all 4,000 stocks and focus on 11 sectors…

The time to prepare your portfolio is now.

Register for the Event 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. 

Stock Market Recap: By the Numbers

This morning’s stock market futures recap:

DOW (mini)

  • Close: 31,774.52.
  • Futures: 32,075.
  • Change: +214.

S&P 500 (mini)

  • Close: 4,006.18.
  • Futures: 4,054.
  • Change: +31.75.

NASDAQ (mini)

  • Close: 12,321.19.
  • Futures: 12,527.5.
  • Change: +130.25.

RUSSELL (mini)

  • Close: 1,846.91.
  • Futures: 1,871.4.
  • Change: +19.7.

Note: Updated as of 9:26 a.m. EDT

On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.

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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