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The major indexes are mixed as investors consider the latest jobless claims data and await the Federal Reserve’s next move in its fight against inflation.

Initial jobless claims came in at 190,000 versus 196,000 expected, indicating there’s still strength in the jobs market.

Investors will be listening for information on the central bank’s upcoming plans as Fed Governor Christopher Waller speaks Thursday afternoon.

Earnings season continues, with retailer Macy’s Inc. (NYSE: M) beating estimates and meeting revenue, sending shares up more than 7%.

Electronics retailer Best Buy Co. Inc. (NYSE: BBY) beat fourth-quarter earnings estimates, but fell short on fiscal year earnings and issued disappointing revenue guidance. Shares dropped almost 2% on the news.

Cloud software company Salesforce Inc. (NYSE: CRM) smashed Wall Street expectations, issued a strong forecast and announced it’s expanding its buyback program, causing shares to soar nearly 16% in premarket trading.

In this morning’s stock market recap video, I’ll discuss if algo traders are messing with the Dow again…  whether the Fed is looking to put more pressure on the economy and why… how to navigate the current market action… which two ETFs appear to have bottomed out in the short term… whether bonds are setting stocks up for upside or downside ahead… plus which sectors I’m bullish on right now, and which ones I believe will decline over the next few sessions!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

P.S. The Buy Signal I Can’t Ignore 

Several technical and fundamental factors need to line up before I consider entering a trade.

But for the first time this year, I’ve seen my No. 1 buy signal flash on my No. 1 breakout stock!

That doesn’t happen often…

That’s why I just held a special, live presentation to walk you through my No. 1 buy signal, and even reveal my No. 1 breakout stock!

Click Here to Watch the Presentation 

P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.

That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!

Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.

Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details. 

Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.

Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to [email protected]!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.