Stock futures were up Friday morning as Wall Street comes to the end of another volatile but strong week — and more in Friday’s stock market recap.
The market dropped on Monday following its best weekly performance since November 2020, and felt like a rollercoaster Tuesday through Thursday.
The S&P 500 and Nasdaq are on track for their second straight positive week, with the S&P above its 50-day moving average.
This is the point where it’s make or break for the S&P 500. If it can stay above its 200-day MA, we’ll be in good shape.
The Consumer Discretionary sector is also on its way up, and if the Consumer Discretionary Select Sector SPDR, the ETF that tracks it, can break above $190 per share, it’ll be a strong sign for the rest of the market.
In this morning’s stock market recap video, you'll discover major levels for all the major indices… whether the markets are stabilizing or weakening… which three sectors to focus on right now… which sector will outperform Energy in the near term… how to trade the current market cycle… and a review of closed trades from this week.
There’s a right way and a wrong way to trade this volatility.
The secret to finding winning trades right now is all in what I call the “Super Stocks.”
I’m going live at 1 p.m. EDT on Tuesday, March 22, to break down a strategy that will help investors take a more systematic approach to trading.
But first, I recommend potential attendees read a free e-book so they can better understand all the information I’ll be giving on Tuesday.
In it, I talk about the No. 1 mistake traders make that allows Wall Street algorithms to rob them blind. I also reverse engineer the algorithmic system I use in the strategy to show everyone exactly how it works.
The No. 1 Sector as Market Rises Ahead of NATO Meetings
March 22, 2022
In Thursday’s stock market recap, stock futures rose following the market’s worst session in weeks as NATO discusses ways to add further pressure to Russia.
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