The major indexes rose slightly Wednesday morning as investors look to the release of the Federal Reserve’s latest meeting minutes.
Investors are eager to gain more insight into the central bank’s future rate hiking plans following its most recent 0.25% bump, especially in light of Tuesday’s dismal market action.
Tuesday was the worst day for stocks so far in 2023. The rate on the 10-year Treasury also hit its highest level since November 2022 during the day.
Meanwhile, eBay Inc. (Nasdaq: EBAY) and NVIDIA Corp. (Nasdaq: NVDA) are set to report earnings today after the market close.
In this morning’s stock market recap video, I’ll discuss whether tech will rally or hit the 200-day line… if NVIDIA will save the day… if existing home sales are that bad… which news event can move the bond market today and why… whether volatility is going up or if the VIX is busted… whether I’m taking heavy positions or lightening the load… plus which stock I like to the upside right now, and which one I believe will crash and burn!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
I believe I’ve cracked the code to the stock market. It involves one specific chart pattern and 146 little-known stocks!
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 this Thursday, 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.
Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!
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.