U.S. stock futures are higher this morning as Wall Street attempts to recover some of its losses from the most recent sell-off — and more in Thursday's stock market recap.
Most of my attention is on the IWM, an ETF that tracks the performance of U.S. small-cap stocks. That’s because of its rebalance in the last week of June, which tends to send it higher than usual.
If the Russell 2000 trades above the $174 level, it’ll be the very first sign of resistance…
But the most interesting thing right now is that the broader market and the TLT rallied on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. economy could go into a recession.
This tells us the majority of wild trading action we’re seeing is in fact already priced into the market because the bond market isn’t assimilating higher long-term interest rates…
In this morning’s stock market recap video, I’ll go into more detail on the cyclical play on the Russell 2000 this week… major levels on key indices… how Thursday’s Fed report will impact stocks… the top sector ETF and option pick… which stocks to play close attention to right now… and an update on the ongoing major sector rotation.
Did you know there’s a way to hack the stock market by “legally spying” on trade ideas from high-profile company insiders?
I’m talking about a signal that has already identified over 80 unique stock rallies since 2020!
In fact, New Money Crew Head Trader Lance Ippolito has been using this signal for more than a decade…
He’s confident anyone can pick it up and start implementing it, so he’s hosting a training session at 11 a.m. EDT today, Thursday, June 23, to show everyone step by step how it works.
Did you miss this week’s WealthPress Live Roundtable? Catch the replay video below…
And be sure to join Joy of the Trade’s Jeff Zananiri, New Money Crew’s Lance Ippolito and me each Wednesday at 11:30 a.m. EDT for the WealthPress Live Roundtable, where we’ll discuss the biggest topics on Wall Street.
In this week’s roundtable, we covered:
Recent monster trade wins and why they worked in the current environment — and why there are more opportunities to come!
Why Lance is so bullish and which stocks he’s avoiding right now.
I’m also quite bullish, and there’s one index in particular I’m watching closest that should lead the way higher.
More current opportunities — and stocks to avoid… like travel stocks.
The brutal ongoing crypto sell-off, which has seen Bitcoin halved in three months.
And more!
Be sure and tune in every Wednesday at 11:30 a.m. EDT for the WealthPress LIVE Roundtable!
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "A Cyclical Play With 75% Historic Accuracy, Plus My Top Sector, Option"
Post a Comment