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The Biggest Threats and Top Trade Opportunities This Week

by | May 23, 2022

U.S. stock futures are up this morning as Wall Street attempts to recover from the recent sell-off that almost pushed the S&P 500 into bear territory on Friday — and more in Monday’s stock market recap.

The Federal Reserve at 2 p.m. EDT on Wednesday is set to release the minutes of its latest policy meeting from earlier this month that resulted in a half-percentage-point rise in interest rates, or double March’s hike. 

What we need to do is keep our eye on the iShares 20 Plus Year Treasury Bond ETF (Nasdaq: TLT) because it’s been trading sideways for five weeks now. Keep in mind that if the bond market can’t trade lower, it means long-term rates won’t go higher because they have an inverse relationship. 

In terms of what else to watch out for this week, the U.S. gross domestic product report comes out on Thursday. If personal consumption expenditures come in better than expected, it means consumers are still spending and that’s a bullish sign for the market. 

In this morning’s stock market recap video, I’ll show you what to expect this week… the biggest reports to pay attention to… an update on market internals and why they matter the most right now… a sector breakdown and whether we should expect more downside or a reversal… and the biggest threats and opportunities for the week ahead. 

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. The stock market’s recent sell-off has left many traders scrambling, but not my team… 

We’re playing the lows…  

That’s because I created a trading strategy with the initial purpose of using it for a bull market, but it ended up working even better in a crashing one! 

So these tough times are exactly what my system ordered… 

And I’ve decided to host an urgent trading session at 1 p.m. EDT on Tuesday, May 24, to give everyone the details on how it all works. 

Sign up for it 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: 31,261.9.
  • Futures: 31,543.
  • Change: +332.

S&P 500 (mini)

  • Close: 3,901.36.
  • Futures: 3,939.
  • Change: +39.5.

NASDAQ (mini)

  • Close: 11,835.62.
  • Futures: 11,916.75.
  • Change: +75.

RUSSELL (mini)

  • Close: 1,773.27.
  • Futures: 1,792.7.
  • Change: +20.5.

Note: Updated as of 9:24 a.m. EDT.

To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!

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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