To view this email as a web page, go here.

Published: June 2, 2022 Will the VIX Continue to Fall? Plus the Top ETF and Option Pick U.S. stock futures traded higher this morning as Wall Street looks to recover from two days of losses — and more in Thursday's stock market recap. The CBOE Volatility Index, also known as the VIX, or fear gauge, is still declining. If volatility is able to break even lower, it’ll tell us that the broader market is likely to head higher.  Even though the market isn’t behaving how we’d like it to right now, if the VIX goes down, it will  send stocks higher…  But I also want us to pay attention to the TLT — the long bond — which has been moving sideways for quite some time now. It’s important to keep tabs on the TLT because the broader market gets its clues from the bond market…  What I’m trying to say is that the bond market is one of the main reasons why communications and chip stocks have stopped trading lower.  In this morning’s stock market recap video, I’ll show you one indicator that’s giving bulls ammunition in this tough market… which sector is setting up for upside trading action in the near term… whether the bond market will remain neutral or become directional soon… an update on the global economy and Federal Reserve… and the top ETF right now with an options strike price.    Catch the Video Here ________________________________________________________ Roger Scott 27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ Market Drawdowns Are Great for These Stocks… The Federal Reserve is stuck between a rock and a hard place…  Inflation is at a four-decade high as stocks continue to crash. But if the Fed keeps raising rates, the market will likely sell off even harder.  So what does this mean for everyday traders?  Well, the economic tightening is causing big money to rotate out of tech and speculative growth stocks and into more recession-proof sectors like Energy, Consumer Staples and Utilities…  Because they tend to do well when the rest of the market is sinking. And this massive rotation into defensive names is happening right now!    Start With This Group of Stocks The No. 1 Sector That Could Lead the Market Higher Did you miss this week’s WealthPress LIVE Roundtable? Catch the replay here… And be sure to join Joy of the Trade’s Jeff Zananiri, New Money Crew’s Lance Ippolito and me, Senior Strategist Roger Scott, each Wednesday at 11:30 a.m. EDT for the WealthPress LIVE Roundtable, where they’ll tackle the biggest topics on Wall Street. In this week’s roundtable, we covered: Jeff, Lance and I are all bullish on semiconductors again, but each has their own method for trading the sector — I gave my favorite chip stock late in the episode! What the bond market and latest sector rotation are telling us about the stock market.  How to spot an intermediate reversal.  The latest comments about the market from Treasury Secretary Janet Yellen. What’s affecting inflation the most — oil.  Lance broke down a trade he has in Wendy’s and some other names he likes. I also gave some stocks I’m watching closely. And more! Be sure and tune in every Wednesday at 11:30 a.m. EDT for the WealthPress LIVE Roundtable!   Here's the Replay ________________________________________________________ Key Resistance Levels for 3 Major Indices and What to Expect Next Week June 1, 2022 In Wednesday's stock market recap, U.S. stock futures were down as Wall Street resumed trading following the long holiday weekend. Continue Reading Crucial Resistance Levels to Watch This Week… Plus the Top Catalyst May 31, 2022 In Tuesday's stock market recap, U.S. stock futures were down as Wall Street resumed trading following the long holiday weekend. 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

Share on Facebook

Share on Twitter

Share on Google+

Share on LinkedIn

Subscribe to receive free email updates: