Those pesky little buggers have certainly been a challenge, but WealthPress Senior Strategist Roger Scott thinks he’s finally cracked the code on how to stay competitive with them!
Roger has four major trading rules he’s used to beat the S&P 500 by 5,641% over the past two consecutive decades*… including the crazy downslopes we’ve seen!
Stock futures rose Thursday as Tesla and United and American Airlines all reported positive earnings news.
Tesla soared 7% in premarket trading on better-than-expected earnings. United and American Airlines also rose 8.5% and 11.5%, respectively, on forecasts of bigger profits.
These first-quarter earnings reports helped propel the markets higher a day after Netflix plummeted 35%. The streaming giant continued to fall Thursday morning, down 1.5% premarket.
The Dow rose 0.7% on Wednesday, putting it above its 200-day moving average. The S&P 500 is at its 200-day MA and the Nasdaq appears to be consolidating, all good signs for the market.
We also have Freeport-McMoRan, Dow Inc., AT&T and many others reporting soon.
In this stock market recap video, you’ll learn how earnings impact stocks… which two sectors are flirting with new highs… what it means for stocks with the Dow near its 200-day moving average… if bonds will trade higher or lower… a global market update… plus which ETF could be a good buy right now and how to pair it with an option.
Let’s take a look at energy name Cameco as the company slid lower to start the week before recovering.
Based in Canada, Cameco is the world’s largest publicly traded uranium company and the second largest producer.
Faced with an energy shortage due to supply disruptions caused by the Russia-Ukraine war, not to mention all of the sanctions against Russia, countries will increasingly turn to nuclear energy to fill the gap.
This should be good news for miners and producers like Cameco.
And that’s just one of the many big trades hitting the tape this week…
“Roger, as always, great information. I learned more about the stock market activity in the past month than I ever suspected. Keep the info coming.”
Dennis H.
A Double Bottom pattern is a chart pattern that describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original, and finally another rebound. The double bottom looks like the letter "W" and signals a potential bullish reversal of an established downtrend. It is the opposite of a double top.
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*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.
The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.
Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.
Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.
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