U.S. stock futures edged higher this morning following a report revealed that inflation is slowing down a bit — and more in Friday’s stock market recap.
Most of my attention is still on the iShares 20 Plus Year Treasury Bond ETF (Nasdaq: TLT) because I want to see if the bond market can assimilate interest rates staying stable or going lower versus higher.
The bond market trading sideways — like it is right now — is the first sign we’ve seen that it doesn’t want rates to go up. I don’t know how long this will last, but it tells us that the market isn’t pricing in any more rate hikes right now.
I also have my eye on the CBOE Volatility Index, also known as the VIX, or fear gauge, which is the range of price changes the market or stocks experience over a given period of time. Volatility is coming down and if it can go below the 25 level, there’s a good chance we’ll get a nice market rally.
In this morning’s stock market recap video, I’ll explain why Friday’s income report is so important… why the bond market is moving sideways and what it means for stocks… how to gauge current strength in the market and specific price levels… one sector that’s showing major earnings surprises and how to interpret it… and whether the market is setting up for an upward move or if it’s going to continue trading lower.
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. Want to hear something funny?
I built a trading strategy with the premise to rip in bull markets, and it completely proved me wrong in the sense that it works just as good — if not better — in crashing markets…
The conclusion is this is all thanks to one basic indicator I’m guessing most people don’t know about…
But it’s been alerting the upside and downside potential in the markets!
That’s because instead of trying to guess the peaks on stocks, we’re getting in when things are “out of whack,” and then closing the position when it normalizes.
Can’t make my classes during the week? Well I’m hosting a more laid back training session at 10 a.m. Eastern on Sunday, where I’ll show you why this one basic indicator is all we need right now. The link for the event isn’t ready just yet, but be sure to look for it in my upcoming emails!
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: 32,637.19.
- Futures: 32,712.
- Change: +112.
S&P 500 (mini)
- Close: 4,057.84.
- Futures: 4,084.5.
- Change: +29.
- Close: 12,276.79.
- Futures: 12,409.
- Change: +129.75.
- Close: 1,838.24.
- Futures: 1,848.8.
- Change: +12.5
Note: Updated as of 9:24 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.