Before we begin, I want to let you know about a special open house session of my VIP Trade Room session at noon ET today, Jan. 10…

I’ll discuss upcoming earnings announcements and potential opportunities, key technical levels on financials ahead of big banks’ earnings reports coming Friday, my top 3 energy stocks for the quarter, whether it’s time to go bargain shopping in tech stocks and more!

Use this link to join the open house session at noon ET: https://us02web.zoom.us/j/81470521405

Now, on to today’s stock market recap…

The major indexes are up as investors shake off hawkish comments from two Federal Reserve officials on Monday.

Atlanta Fed President Raphael Bostic said interest rates should stay above 5% for a “long time,” while San Francisco Fed President Mary Daly believes the central bank should continue raising rates at a slow pace.

Investors are still concerned higher rates could tip the economy into a recession. And all eyes will be on Thursday’s upcoming Consumer Price Index data, which will give us more details into whether the Fed’s rate hikes are cooling off inflation.

Friday’s consumer sentiment data will provide further insight into the state of the economy, as will this week’s bank earnings on Friday.

chart showing earnings reports for the week of January 9, 2023

In this morning’s stock market recap video, I’ll discuss key levels for the major indices… which stocks to pay close attention to… whether CPI is going to influence market action… if bonds will continue trading higher or revert lower… if energy or industrial stocks will lead right now… whether momentum levels are increasing or decreasing… what to expect later in the week after the Fed data is released… plus the top stocks to own and weak ones to sell.

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

P.S. The Key Time to Trade During Earnings

Everyone who’s traded for any amount of time knows that earnings reports are a BIG deal each quarter.

But did you know that after certain reports, there’s a unique 72-hour window that real professionals know is the key time to trade during earnings season?

This three-day period is when stocks could move the most — regardless of the overall market!

Tom Busby and I believe we’ve cracked the code to tap into this unique earnings drift phenomenon…

And we’re holding a special live presentation at 1 p.m. today, Jan. 10, to share all the details on this breakthrough earnings strategy, right at the start of earnings season!

Join Us Here 

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 support@marketgeeks.com!

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

What to Expect as FAANG Stocks Prepare to Report

What to Expect as FAANG Stocks Prepare to Report

The major indexes slumped as investors brace for a busy week of earnings and the Federal Reserve’s latest interest rate announcement — and more in Monday’s stock market recap. The Federal Open Market Committee meeting starts on Tuesday, with the Fed expected to...

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