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Tech Stocks Bottoming Out as 2022 Comes to a Close

by | Dec 29, 2022

The major indexes moved higher as we enter the final days of 2022 — and more in Thursday’s stock market recap.

The major averages are set to lock in their worst year since 2008.

Over the past 12 months, the Dow lost 9.5%, with the S&P 500 down 20.6%. The Nasdaq was the worst performer, dropping 34.7% as investors dumped tech stocks.

Many investors are worried we’ll face a recession in the new year, and continue rotating into more defensive sectors.

In this morning’s stock market recap video, I’ll discuss whether the Nasdaq will continue to fall… preview what’s next for the bond market… give a full update on China’s nasty COVID-19 outbreak and its impact…show you where the smart money is positioning themselves right now… and reveal my top ETF and option trade!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

P.S. Do You Know What a Codebreaker Stock Is? 

I may have just “cracked the code” to a bear market with this one pattern!

I’ve found that over the past five years, this single candlestick pattern has a historic win rate of 100% on some of the most explosive stocks in the market!*

You’ve probably never heard of many of these names….

In fact, you won’t find a single one of them in the S&P 500!

No, they’re not speculative biotechs with no earnings, shady crypto companies or risky penny stocks…

But I will reveal how to trade them — at no cost!

Go Here to See the Reveal 

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. 

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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