U.S. stock futures resumed sell-off mode this morning following Wall Street’s short-lived rally on Monday — and more in Tuesday’s stock market recap.
I know I’ve spent an awful lot of time talking about the iShares 20 Plus Year Treasury Bond ETF (Nasdaq: TLT) lately, but it has all of my attention right now because it’s been trading sideways. The bond market looks like it is ready to move higher. If that’s the case, it should slow down interest rate hikes, which will also give the market some potential upside.
This is super important because the broader market gets its clues, for lack of a better word, from the bond market…
But what most investors don’t realize is that the iShares Russell 2000 ETF (NYSEArca: IWM) and the Communication Services Select Sector SPDR Fund (NYSEArca: XLC) were the two assets that triggered the recent downward move after the bond market. So the fact that both of them haven’t hit lower lows while the other major indexes have is a positive sign for the market.
In this morning’s stock market recap video, I’ll show you the biggest factor driving the market right now… what to expect from volatility this week… meaningful resistance levels for the S&P 500 and Nasdaq… an update on Federal Reserve data and the global economy… the top sector and stocks… and the weakest sector and stocks.
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 me…
I’m playing the lows to my advantage…
That’s because I created a system with the initial purpose of being built for a bull market, but it ended up working even better in a crashing one!
And it’s led to some interesting trade opportunities that you need to see in order to believe.
So at 1 p.m. EDT on Tuesday, May 24, I’m hosting an educational training session to show everyone 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: 31,880.24.
- Futures: 31,645.
- Change: -914.
S&P 500 (mini)
- Close: 3,973.75.
- Futures: 3,930.5.
- Change: -40.25.
- Close: 12,034.28.
- Futures: 11,832.25.
- Change: -203.
- Close: 1,792.76.
- Futures: 1,777.8.
- Change: -14.1.
Note: Updated as of 9:23 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 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.