Futures fell again after another losing week on Wall Street — and more in Tuesday’s stock market recap.
But I’m not concerned as much with where the indexes open as I am with where they close…
In the morning, the markets are largely reacting to data from around the world. But by the time they close, they’re reacting more to U.S. data. For the past few weeks — for the most part — we’ve seen lower opens and higher closes, and that’s a bullish sign.
We can also expect trading to be more subdued for the first few days this week as a lot of hedge funds and traders are still off following one of the biggest holiday weekends of the year.
The big report on the schedule this week will be the Federal Open Market Committee Meeting minutes on Wednesday. That will give us an idea if the Federal Reserve is having second thoughts about its planned interest rate hikes.
In this morning’s stock market recap video, you’ll discover whether volume will increase or decrease after a long holiday weekend… if the markets will continue to chop or begin trending… if volatility will fall and what it means for the market… a sneak peek at the action in the 11 major sectors… whether sectors are seeing a major sector rotation or a mild short-term move… which Fed report we can expect to move the market and why… plus the most probable scenario for stocks this 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. Have You Seen These Sectors?
There’s a handful of stocks that are still pushing higher and higher… They’re “in motion.”
Wall Street has been using this simple yet effective principle to grow riches for decades now.
Most folks who are looking at the stock market as a whole are probably debating throwing in the towel…
Because frankly they have no idea how much opportunity is really out there…
But there are opportunities to be found, right now! And I’m going LIVE at NOON EDT TODAY, Tuesday, July 5, to share how I’m uncovering these opportunities!
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: 31,097.26.
- Futures: 30,654.
- Change: -407.
S&P 500 (mini)
- Close: 3,825.33.
- Futures: 3,776.25.
- Change: -51.
NASDAQ (mini)
- Close: 11,585.68.
- Futures: 11,444.
- Change: -164.75.
RUSSELL (mini)
- Close: 1,727.76.
- Futures: 1,701.2.
- Change: -27.4.
Note: Updated as of 9:20 a.m.
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
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 [email protected]!
- 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.
