What's Next for Sinking Energy Stocks in a Market That Wants to Rally?

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What's Next for Sinking Energy Stocks in a Market That Wants to Rally? I’m back from an amazing vacation overseas with my family so they could get in touch with our heritage and see how people live in different parts of the world … We went to London for a couple of days and then Egypt, and it was fantastic.  But I’m happy to be back, recharged and refreshed… and ready to trade, of course! As far as how things are going on Wall Street, Senior Strategist Roger Scott and I sat down for a new weekly chat each Tuesday morning where we’ll break down the big-picture, macroeconomic landscape… Don’t worry, we also kept our conversation actionable. We’re coming off the Fourth of July holiday weekend and volume is anemic. The problem with this market is it wants to rally but it’s finding every excuse not to.  All our trend-following training requires that real volume and commitment is there for a rally to happen, and I’m not seeing it… which makes it tough to go either long or short because we just don’t know what’s going to happen.  Follow the link and let’s chat about all things affecting the market today on a macroeconomic level…  We’ll discuss where we think interest rates are going… sinking energy stocks, which led the market most of the year… the effect the war in Ukraine is having on the market and what it will take to bring it to an end… and the dreaded “R” word — recession.    Here’s Why Trading Can be so Tough Right Now Jeff Z Jeff Zananiri spent over two decades on Wall Street learning how the best made consistent money in the market.  Do Practically Nothing for These 27 Days It couldn’t be more straightforward… I buy a specific list of stocks during a very small window at the beginning of each month… And I sell during a small window at the end of each month. It really can be that simple, and it’s worked for Wall Street players for more than 100 years. This month’s “buy window” is here… So you need to act quickly to get in. Because if this month’s trades are like anything we’ve seen in the past few months… Get My 'Money Flow Crash Course' for Just $7 Why We’re in a Multi-Month — if Not Multi-Year — Bear Market June 28, 2022 It’s no secret that 2022 hasn’t been good for the stock market, but even more so for the Nasdaq. In fact, even after last week’s 5.4% rally, the Nasdaq is down about 26% year to date. That’s a big, BIG number…   Continue Reading Looking for a Market Bottom? Here Are 6 Signs We Could Be Close June 18, 2022   Ever since the S&P 500 fell into bear market territory — a 20% drop from a recent all-time high — earlier this week, everyone’s been asking Senior Strategist Roger Scott where the bottom is.   Continue Reading Joy of the Trade 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, 32256, US Joy of the Trade Update Profile

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