Stocks rose Thursday morning, trying to snap a four-day losing streak.
The Nasdaq got a boost from tech stock Nvidia, which beat both earnings and revenue estimates, sending shares up more than 8%.
Investors are weighing the release of the Federal Reserve’s most recent meeting minutes, which revealed central bank members are resolved to keep hiking rates to fight inflation.
Earnings season also continues with reports from Beyond Meat Inc. (Nasdaq: BYND), Warner Bros. Discovery Inc. (Nasdaq: WBD) and Carvana Co. (NYSE: CVNA) after the market close Thursday.
In this morning’s stock market recap video, I’ll discuss if market sentiment is improving or not… which index is showing the most vulnerability… if GDP will overshadow excellent chip stock earnings… if bonds will trade lower or higher in the next few days… why bonds could offer support for the current market… which sector I like right now and how to take advantage of the market at this time!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. I Just Cracked the Code to a Bear or Bull Market!
I believe I’ve cracked the code to the stock market… It involves one specific chart pattern and 146 little-known stocks!
In fact, I’ve discovered a candlestick pattern with a historic win rate of 100% over the past five years on some of the most explosive stocks in the market.
They’re not speculative biotechs, risky penny stocks or crypto companies… And you won’t find a single one of them in the S&P 500!
I’m so excited about this discovery, I’m holding a special presentation — at no cost — at 1 p.m. ET today, Feb. 23, to reveal exactly how I trade the pattern and these companies.
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]!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
