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Is This a Long-Term Reversal… or Just Another Turnaround Tuesday?

by | Aug 30, 2022

The major indexes rose Tuesday morning following two days of losing sessions on Wall Street — and more in Tuesday’s stock market recap.

Investors are awaiting the latest consumer confidence data as several large companies report earnings.

Electronics retailer Best Buy Co. Inc. (NYSE: BBY) beat estimates for both earnings and revenue, and stuck by its new full-year guidance, which the company cut in July.

Baidu Inc. (Nasdaq: BIDU), HP Inc. (NYSE: HPQ), Hewlett Packard Enterprise Co. (NYSE: HPE) and Chewy Inc. (NYSE: CHWY) are just some of the companies scheduled to report earnings Tuesday.

chart showing companies reporting earnings

Between ongoing earnings, Federal Reserve remarks and more economic data, I’m going to be holding a special open house session of my VIP Trade Room at noon EDT today, Tuesday, Aug. 30!

I’ll be talking about consumer confidence, market sentiment, critical market levels, top sectors and the three stocks I’m targeting now! Use this link to join at noon EDT.

In this morning’s stock market recap video, I’ll reveal whether or not this rally will hold… why bonds are in a tight range… which sectors remain in the top three… an update on the biggest Fed data this week… what to expect from tech stocks in the next few days… plus the strongest and weakest sectors and stocks.

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 Powerful ‘Numerical’ Sequence Hidden Behind Every Stock

Part supercomputer and entirely algorithmic…

We’re not talking about the next self-driving car, we’re talking about the remarkable trading breakthrough known as the “S3 Advantage.”

Over two years in development, this brainchild of myself and Jack Carter is finally ready to be released to the public!

It all has to do with a powerful “numerical” sequence hidden behind every stock…

Jack and I are going to join forces to go live for the big reveal at 1 p.m. EDT today, Tuesday, Aug. 30!

Get Your Front-Row Seat 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. 

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 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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