Stock futures were up Friday morning as Wall Street comes to the end of another volatile but strong week — and more in Friday’s stock market recap.
The market dropped on Monday following its best weekly performance since November 2020, and felt like a rollercoaster Tuesday through Thursday.
The S&P 500 and Nasdaq are on track for their second straight positive week, with the S&P above its 50-day moving average.
This is the point where it’s make or break for the S&P 500. If it can stay above its 200-day MA, we’ll be in good shape.
The Consumer Discretionary sector is also on its way up, and if the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY), the ETF that tracks it, can break above $190 per share, it’ll be a strong sign for the rest of the market.
In this morning’s stock market recap video, you’ll discover major levels for all the major indices… whether the markets are stabilizing or weakening… which three sectors to focus on right now… which sector will outperform Energy in the near term… how to trade the current market cycle… and a review of closed trades from this week.
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!
There’s a right way and a wrong way to trade this volatility.
The secret to finding winning trades right now is all in what I call the “Super Stocks.”
That’s why I went live again to break down a strategy that will help investors take a more systematic approach to trading.
I’m also giving out my new e-book so they can better understand all the information I shared.
In it, I talk about the No. 1 mistake traders make that allows Wall Street algorithms to rob them blind. I also reverse engineer the algorithmic system I use in the strategy to show everyone exactly how it works.
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:
- Close: 34,707.94.
- Futures: 34,690.
- Change: +85.
S&P 500 (mini)
- Close: 4,520.16.
- Futures: 4,526.
- Change: +14.
- Close: 14,765.7.
- Futures: 14,804.5.
- Change: +41.25.
- Close: 2,075.44.
- Futures: 2,076.5.
- Change: +5.8.
Note: Updated as of 9:18 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 firstname.lastname@example.org!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.