A Note from Roger Scott: I’m giving an updated market outlook at noon EDT today, Tuesday, July 5, at no cost! Get the link to join here: https://wealthpress.typeform.com/to/rknzxZ4v
I want to make sure you start off the trading week and month right... So I’m covering the top sectors and trading opportunities with my friend and fellow trader, Tom Busby. I’ll also answer any questions you have, so I hope to see you at noon EDT today! And remember, you can get room access here.
Futures fell again after another losing week on Wall Street — and more in Tuesday’s stock market recap.
But I’m not concerned as much with where the indexes open as I am with where they close…
In the morning, the markets are largely reacting to data from around the world. But by the time they close, they’re reacting more to U.S. data. For the past few weeks — for the most part — we’ve seen lower opens and higher closes, and that’s a bullish sign.
We can also expect trading to be more subdued for the first few days this week as a lot of hedge funds and traders are still off following one of the biggest holiday weekends of the year.
The big report on the schedule this week will be the Federal Open Market Committee Meeting minutes on Wednesday. That will give us an idea if the Federal Reserve is having second thoughts about its planned interest rate hikes.
In this morning’s stock market recap video, you’ll discover whether volume will increase or decrease after a long holiday weekend… if the markets will continue to chop or begin trending… if volatility will fall and what it means for the market… a sneak peek at the action in the 11 major sectors… plus the most probable scenario for stocks this week.
There’s a handful of stocks that are still pushing higher and higher… They’re what I like to call “in motion.”
Wall Street has been using this simple-yet-effective principle to grow riches for decades now.
Most folks who are looking at the stock market as a whole are probably debating throwing in the towel…
Because, frankly, they have no idea how much opportunity is still out there…
But there are plenty of opportunities to be found — right now! And I’m going LIVE at NOON EDT TODAY, Tuesday, July 5, to share how I’m uncovering these opportunities!
The Best Strategy for Today’s Market and My Top ETF With an Option Pick
June 30, 2022
U.S. stock futures fell as inflation fears continued driving the market while the S&P 500 got ready to wrap up its worst first half of the year in decades.
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