The major indexes rose Tuesday morning as the S&P 500 looks to lock in its best January since 2019 — and more in Tuesday’s stock market recap.
The S&P 500 and the Dow are up 4.6% and 1.7%, respectively, for the month as of Monday’s close. Meanwhile, the Nasdaq is up almost 9%, its best monthly performance since July.
Earnings continue to roll in, with a strong General Motors Co. (NYSE: GM) report sending shares up more than 4% in premarket trading.
All eyes are on Meta Platforms Inc. (Nasdaq: META) as it prepares to report after the bell Wednesday.
In this morning’s stock market recap video, I’ll discuss which stocks are reporting and the impact on the overall market… the biggest report this week and what to expect next… whether the Nasdaq is set to rise or fall in the next few sessions… whether rates are going higher tomorrow after the announcement… an update on the global economy… which stocks are trending higher… and which ETF is stronger than energy right now!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Newly Discovered ‘Pricing Mismatch’ in the Options Market
We’ve just discovered a shocking “pricing mismatch” in the options market…
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.
Once you learn how to use this pricing mismatch to your advantage, you’ll never look at the markets the same way again.
And I’m going live at 1 p.m. ET today, Jan. 31, to show this “pricing mismatch” in action and how to apply it to options trades…
As always, it doesn’t cost a thing to attend!
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.
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
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 firstname.lastname@example.org!
- 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.