How Tuesday’s Retail Sales Data Will Shape This Week’s Trading Action

by Roger Scott | May 17, 2022

U.S. stock futures are higher this morning as the market attempts to recover from weeks of steep losses — and more in Tuesday’s stock market recap.

When I sat down to film this video, the E-mini Dow and E-mini Nasdaq futures were up about 400 points and 235 points, respectively, which even in this kind of market volatility is beyond random. It has me curious if these levels will stick in light of the fact that Walmart Inc. (NYSE: WMT) missed earnings estimates as higher costs and supply chain bottlenecks weigh on profits.

The Federal Reserve has been adjusting its benchmark short-term interest rate of near zero the past two months, pushing the Fed funds rate to a target range of 0.75% to 1%.

But the iShares 20+ Year Treasury Bond (Nasdaq: TLT) is starting to become more and more choppy. If this turns into some upside momentum, the bond market will head higher and cause rates to either go lower or stay where they’re at.

If rates go lower, it should relieve some of the pressure on the market.

In this morning’s stock market recap video, I’ll show you whether the bond market is changing its trend… how to gauge current market sentiment… the biggest reports coming out in the next few days… which sector is finally making its move… the significance of sector rotation right now… and the top stock to buy and the bottom stock to sell short.

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. If you’re one of the traders still waiting for the stock market to crash, don’t hold your breath because I don’t see that happening any time soon.

In fact, there’s one key indicator that has me feeling more bullish than ever…

In light of this positive news, I’ve decided to host an open house at 2 p.m. EDT on Wednesday, May 18!

Inside, I’ll cover everything people need to know about the key indicator I’ve discovered, and I’ll show you why I’m so happy about the oversold market’s trajectory.

RSVP 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: 32,223.42.
Futures: 32,582.
Change: +422.

S&P 500 (mini)

Close: 4,008.01.
Futures: 4,070.75.
Change: +66.

NASDAQ (mini)

Close: 12,243.58.
Futures: 12,486.25.
Change: +238.

RUSSELL (mini)

Close: 1,783.43.
Futures: 1,815.9.
Change: +33.5.

Note: Updated as of 9:21 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!