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A Cyclical Play With 75% Historic Accuracy, Plus My Top Sector, Option

by | Jun 23, 2022

U.S. stock futures are higher this morning as Wall Street attempts to recover some of its losses from the most recent sell-off — and more in Thursday’s stock market recap.

Most of my attention is on the iShares Russell 2000 ETF (NYSEArca: IWM), an ETF that tracks the performance of U.S. small-cap stocks. That’s because of its rebalance in the last week of June, which tends to send it higher than usual. 

If the Russell 2000 trades above the $174 level, it’ll be the very first sign of resistance… 

But the most interesting thing right now is that the broader market and the iShares 20-Plus Year Treasury Bond ETF (Nasdaq: TLT) rallied on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. economy could go into a recession. 

This tells us the majority of wild trading action we’re seeing is in fact already priced into the market because the bond market isn’t assimilating higher long-term interest rates… 

In this morning’s stock market recap video, I’ll go into more detail on the cyclical play on the Russell 2000 this week… major levels on key indices… how Thursday’s Fed report will impact stocks… the top sector ETF and option pick… which stocks to play close attention to right now… and an update on the ongoing major sector rotation. 

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. Did you know there’s a way to hack the stock market by “legally spying” on trade ideas from high-profile company insiders?

I’m talking about a signal that has already identified over 80 unique stock rallies since 2020! 

In fact, New Money Crew Head Trader Lance Ippolito has been using this signal for more than a decade…

He’s confident anyone can pick it up and start implementing it, so he’s hosting a training session at 11 a.m. EDT today, June 23, to show everyone step by step how it works. 

Click 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: 30,483.13.
  • Futures: 30,542.
  • Change: +71.

S&P 500 (mini)

  • Close: 3,759.89.
  • Futures: 3,781.5.
  • Change: +18.75.

NASDAQ (mini)

  • Close: 11,527.71.
  • Futures: 11,646.25.
  • Change: +80.5.

RUSSELL (mini)

  • Close: 1,690.28.
  • Futures: 1,693.9.
  • Change: +2.5.

Note: Updated as of 9:20 a.m. EDT.

Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.

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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