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A Major Sector Rotation Is Happening… Plus My Top Bullish, Bearish Plays

by | Jun 22, 2022

U.S. stock futures traded lower this morning ahead of Federal Reserve Chair Jerome Powell’s speech today — and more in Wednesday’s stock market recap.

This means everyone’s eyes will be on the iShares 20-Plus Year Treasury Bond ETF (Nasdaq: TLT), which is still trading choppy and having a hard time going lower. If the bond market remains in this trading range, it’ll signify that it’s done declining and the worst downward pressure is already priced into the market. 

Even though stocks are down, volatility via the VIX, or fear gauge, didn’t make a lower low… 

So as long as the CBOE Volatility Index (INDEXCBOE: VIX) doesn’t break its recent high at the 37 level, then I’ll continue to believe that volatility will subside as the broader market gains strength. 

In this morning’s stock market recap video, I’ll explain why the bond market is increasingly choppy… what type of action the Fed will take at its next meeting… why small-cap stocks are outperforming large caps… which sector is set to lead over the near term… an update on volatility levels… and the top bullish and bearish plays for Wednesday. 

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. I’ve been working on a brand-new way to trade the stock market for the past six months… 

When things started getting dicey in January, I set out to optimize 64 secret market patterns that date back to the 18th century… 

With the idea of “trading stocks” without having to worry about the stock itself! 

That means no fundamental analysis or technical indicators… 

Now, I’m still wrapping up the final stages of the testing process before I go public with this breakthrough, and there are only a few spots left to join… 

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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!

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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: 30,530.25.
  • Futures: 30,101.
  • Change: -425.

S&P 500 (mini)

  • Close: 3,764.79.
  • Futures: 3,711.5.
  • Change: -56.25.

NASDAQ (mini)

  • Close: 11,546.76.
  • Futures: 11,412.
  • Change: -166.

RUSSELL (mini)

  • Close: 1,694.03.
  • Futures: 1,668.2.
  • Change: -25.2.

Note: Updated as of 9:21 a.m. EDT.

Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!

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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