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The Strongest, Weakest Stocks as Bulls, Bears Fight for Control

by | Oct 5, 2022

The major indexes are down following a two-day rally on Wall Street — and more in Wednesday’s stock market recap.

As I mentioned in Tuesday’s recap, it’s a big week for data…

The ADP jobs report showed 208,000 jobs added in September, exceeding consensus estimates. But the JOLTS report revealed a loss of more than 1 million openings in August, a drop of about 10%.

Friday’s employment situation report is the last jobs report before the Federal Reserve’s next meeting on Nov. 2.

The Fed will take these numbers into account as it makes its next decision on interest rates. If the jobs situation appears weak, there’s a chance the Fed could slow the pace of its rate hikes.

In this morning’s stock market recap video, I’ll discuss what’s pulling stocks down this morning… why bond trading action is relevant right now… which sectors continue to lead and why… whether volatility is coming down and what to expect… my top stock right now and an option pick… which stock to avoid or sell short and why… plus a full update on the global economy.

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. Homeowners, Beware — It Could Only Get Worse

With 2022 being such a tough year already, the LAST thing Joy of the Trade’s Jeff Zananiri wants to do is add more rain to your parade…

But this is unavoidable.

Just the other day, when Federal Reserve Chair Jerome Powell committed to hiking interest rates again, and again… Something scary happened in the housing market…

Mortgage rates jumped to new highs — even higher than before the Great Recession.

  • 30-year fixed: 7.479%.
  • 30-year fixed FHA: 6.917%.
  • 30-year fixed VA: 7.352%.

Now, for those who own a home, you might wonder what this has to do with you…

The answer is everything… your retirement plans… your nest egg… your kids’ and grandkids’ futures…

And Jeff just revealed everything in a special emergency briefing!

Watch the Session 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.

Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!

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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