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Published: June 16, 2022 Is This a Market Shakeout or Another Leg Down? Plus My Top ETF U.S. stock futures are down this morning as the major indices give up their gains following Wednesday’s post-Federal Reserve meeting rally — and more in Thursday's stock market recap. The fact that the market rallied after the Fed raised interest rates by three-quarters of a point is a positive sign that has me more focused on where the market is going to close on Thursday than where it opened.  If what we’re seeing now is just a market shake out, volatility via the VIX, or fear gauge, won’t head much higher…  But what I’m paying the most attention to right now is if the XLY, which has been one of the weakest sectors for a while, is going to break its lows or not. If you look at its recent price action, you’ll notice it’s been holding up well so far…  And as long as the XLY stays above the $136 level, we’ll be in good shape.  In this morning’s stock market recap video, I’ll explain why we need to pay attention to the market’s lows… if volatility will break new highs… whether the Consumer Discretionary sector will break its lows… how the market will react to the latest Fed reports… an update on key sectors…whether the market is pricing in more downside… and if the bond market will dictate more corrective pressure.  Here’s the Latest ________________________________________________________ Roger Scott 27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ Is This the Only Way to Play These Markets? I’ve been working on a brand-new way to trade the stock market for the past six months…  When things started getting dicey in January, I set out to optimize 64 secret market patterns that date back to the 18th century…  With the idea of “trading stocks” without having to worry about the stock itself!  That means no fundamental analysis or technical indicators…  And I just broke down the step-by-step instructions for what I see as a true “trading breakthrough.”    Here’s the Must-See Replay ________________________________________________________ The Best Long and Short Trades for Current Market Action June 15, 2022 In Wednesday’s stock market recap, U.S. futures were higher as investors braced for what ended up being a greater interest rate hike than the market thought.  Continue Reading 4 Signs That Say We’re Due for a Market Rally This Week June 14, 2022 In Tuesday’s stock market recap, U.S. stock futures traded higher as Wall Street attempts to retrace its losses from Monday. Continue Reading A WealthPress Publication   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. Manage Your Email Preferences Unsubscribe This email was sent by: WealthPress 7751 Belfort Parkway #120 Jacksonville, FL, 32556, US Roger Scott Update Profile

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