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Is There a Rally in Store for Stocks?

by | Apr 22, 2022

Before we begin, I have a favor to ask… Could you fill out this 1-minute survey and let us know how you’re feeling about the markets right now, what you’re interested in trading and what topics you’d like us to cover? Here at WealthPress, we always want to make sure we’re covering topics you’re interested in!

Futures are down one day after Federal Reserve Chair Jerome Powell’s hawkish comments about a potential interest rate hike sparked an afternoon sell-off — and more in Friday’s stock market recap.

During an International Monetary Fund panel discussion Thursday, Powell said “there’s something in the idea of front-loading” aggressive rate hikes as the Fed grapples with inflation, and that a “50-basis (point hike) will be on the table for the May meeting.”

Friday’s market action is being driven for the most part by Fed remarks and geopolitical events as the Russia-Ukraine war continues.

Despite the chop this week, we’ve closed a total of five winners across our services, including almost 26%* on Church & Dwight Co. Inc. (NYSE: CHD) in our Microburst Profit Signals strategy.

Earnings season continues Friday with Gap Inc. (GPS) shares down 15% premarket as the company slashed its growth outlook. Schlumberger Ltd. (NYSE: SLB), Verizon Communications Inc. (NYSE: VZ) and others also reported earnings Friday morning.

In this morning’s stock market recap video, you’ll discover what’s driving the market right now… what momentum levels are reflecting in the major indices… whether bonds are set to trend higher or chop… the biggest catalyst everyone is waiting for… major levels on key indices…. and which sectors to avoid 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. The 10-Time World Champ Is Back… 

Ten-time world trading champion Chuck Hughes is back to grace us with his presence once more at 1 p.m. EDT on Tuesday, April 26.

And this time around, things are going to be a heck of a lot different!

In fact, Chuck is going LIVE to bring traders an opportunity he’s calling his boldest prediction yet. 

It’s not about a single stock, taking risky all-out short bets or 1,000% returns on Bitcoin or other cryptos…

It’s going to be even bigger than that.

Be sure to get on Chuck’s exclusive VIP list to get exclusive intel before Tuesday’s live event!

Click Here to Sign Up! 

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: 34,792.76.
  • Futures: 34,568.
  • Change: -138.

S&P 500 (mini)

  • Close: 4,393.66.
  • Futures: 4,375.75.
  • Change: -14.75.

NASDAQ (mini)

  • Close: 13,720.45.
  • Futures: 13,706.5.
  • Change: -21.75.

RUSSELL (mini)

  • Close: 1,991.46.
  • Futures: 1,981.6.
  • Change: -7.3.

Note: Updated as of 9:20 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.

*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk.

WRITTEN BY<br>Roger Scott

Roger Scott

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