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4 Signs That Say We’re Due for a Market Rally This Week

by | Jun 14, 2022

U.S. stock futures traded higher this morning as Wall Street attempts to retrace its losses from Monday that pushed the S&P 500 back into bear market territory — and more in Tuesday’s stock market recap.

The iShares 20-Plus Year Treasury Bond ETF (Nasdaq: TLT) also broke its previous low Tuesday However, it looks like the bond market wants to go back into its recent range. If that was in fact the low, it’ll be interesting to watch because the bond market and interest rates have an inverse relationship… 

But I believe the majority of downside pressure is already priced into the market… 

That’s because the number of Nasdaq 100 stocks trading below their 200-day moving averages is about 8%, close to where it was in 2008. Momentum levels on the Nasdaq 100 haven’t been this low in over two decades. 

So if you think the market’s going to crash or bear out from here, I have some news for you… It’s just not going to happen. 

In this morning’s stock market recap video, I’ll show you the four indicators telling me that markets are bottoming out… an update on volatility levels and market internals… a deep dive into the levels of the major indices… provide clues to major moves in the short term… a broad view of the global economy… and the top and bottom sectors rights 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. A lot of us have felt down in the dumps the past few months. Heck, maybe even the past few years! 

I’ve felt it, too… 

With all these intense market conditions, it’s hard to find the inspiration to get out of bed some mornings, let alone trade…

But six months ago, I chose to ignore all the noise and I set out on a mission. 

I wanted to bring my readers something brand-new… 

I had a vision for an entirely new way to trade, one that doesn’t require any sort of technical indicators or fundamental analysis…

And it has shocked me to my core. 

So at 1 p.m. EDT on Tuesday, June 14, I’m dropping it for you to see. 

Learn More 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: 30,516.74.
  • Futures: 30,592.
  • Change: +91.

S&P 500 (mini)

  • Close: 3,749.63.
  • Futures: 3,771.
  • Change: +17.5.

NASDAQ (mini)

  • Close: 11,288.32.
  • Futures: 11,412.25.
  • Change: +84.75.

RUSSELL (mini)

  • Close: 1,714.59.
  • Futures: 1,719.4.
  • Change: +4.1.

Note: Updated as of 9:22 a.m. EDT.

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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