The market stumbled to start the week as investors await the latest earnings reports and important remarks from Federal Reserve Chair Jerome Powell — and more in Monday’s stock market recap.
About half the companies in the S&P 500 have reported so far. With a load of earnings on deck, we’ll have a better idea of where the market stands by the end of the week.
Some of the heavy hitters reporting this week include DuPont de Nemours Inc. (NYSE: DD) on Tuesday before the market open, Chipotle Mexican Grill Inc. (NYSE: CMG) on Tuesday after the close, The Walt Disney Co. (NYSE: DIS) on Wednesday after the close, and PepsiCo Inc. (Nasdaq: PEP) on Thursday before the open.
Friday’s blowout jobs number rattled the market and has investors worried the Fed will continue hiking rates. All eyes will be on Powell as he makes his latest comments in a speech before the Economic Club of Washington on Tuesday.
In this morning’s stock market recap video, I’ll discuss what I really think about current stock market action… which stocks we need to pay close attention to this week… a major support area that may be broken sooner rather than later… the impact of bonds on stocks in the next few sessions… what momentum levels are telling us… which sector is fragmented and what it means for stocks… plus the biggest earnings reports this week and how to trade around them!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. I Love a Good Bargain, Don’t You?
Little do people know… hefty bargains do exist in the stock market! You just have to know where to look.
The “pricing mismatch” I just discovered requires traders to disregard the share price and focus on the options…
And thanks to this mismatch, even a tiny 1% move in a stock could lead to gains as high as 31%… 41%… even 46% or more in a matter of days.
I’m holding a special presentation at 1 p.m. ET today, Feb. 6, to show this “pricing mismatch” in action and how to apply it to options trades. So if you love a good bargain…
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.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
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.
