WealthPress Senior Strategist Roger Scott is hosting an urgent, live training session at 1 p.m. EDT on Tuesday, May 10, and he wants everyone to be there!
He’s been testing a strategy looking for patterns in the stock market leading up to Federal Reserve announcements…
Nasdaq futures dropped about 2% premarket on Monday, leading the other indexes lower.
Dow and S&P 500 futures were also down more than 1% premarket as bond yields continue to rise while investors doubt the Federal Reserve will get inflation under control.
Two key reports — the Consumer Price Index and Producer Price Index — come out on Wednesday and Thursday, respectively. That should give us a better idea of how inflation is affecting consumers and producers alike.
The earnings season sell-off continues with Rivian down 19% in extended trading on news that Ford plans to offload 8 million shares. Rivian is down 72% in 2022 and reports earnings Wednesday.
New Money Crew Head Trader Lance Ippolito has been short this stock for a while now, and called for it to head lower in last Wednesday’s WealthPress Live Roundtable.
Software company Palantir is also down 15% premarket on an earnings miss and weaker-than-expected revenue.
In this stock market recap video, you’ll learn whether stocks will trade lower or bounce higher… the major report this week to pay attention to… whether the long bond is ready to trade higher or lower… the one sector that's diverging from the rest of the market… why the put-to-call ratio is important right now… plus what market internals are pointing to.
If there’s one message I’ve been hitting on time and again in these whipsaw markets, it’s that traders need to aggressively take profits when the opportunity presents itself.
This isn’t a market where we want to get married to a trade, and this past week is a prime example of why…
The market had the biggest single-day rally since 2020 last Wednesday. Next, we had the largest single-day loss of the year so far….
No one has a crystal ball, and you don’t get a medal for calling the top or bottom.
But even in markets moving from one extreme to the other day by day, careful target selection and staying nimble can help the everyday retail trader stay ahead of the chop.
Traders always need to be on the lookout for stocks on the move, which is why I’m here with a few select companies for your attention this week!
“Hi Roger, I liked the video on earnings release and expected price move.”
Ron K.
Short Selling (also known as “shorting,” “selling short” or “going short”) refers to the sale of a security or financial instrument that the seller has borrowed to make the short sale. The short seller believes that the borrowed security's price will decline, enabling it to be bought back at a lower price. The difference between the price at which the security was sold short and the price at which it was purchased represents the short seller’s profit (or loss, as the case may be).
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