The market is flat to start the week as investors await key economic data and earnings reports from some of the biggest tech companies.
This week brings the latest Consumer Confidence and Personal Income and Outlays reports on Tuesday and Friday, respectively.
But the most anticipated economic data is Thursday’s gross domestic product, which will provide valuable insight into the health of the economy ahead of the Federal Reserve’s next meeting beginning on May 2.
Meanwhile, earnings season heats up as big tech prepares to report… Alphabet Inc. (Nasdaq: GOOGL) and Microsoft Corp. (Nasdaq: MSFT) report after the close Tuesday, Meta Platforms Inc. (Nasdaq: META) reports after the close Wednesday, and Amazon.com Inc. (Nasdaq: AMZN) reports after the close Thursday.
In this morning’s stock market recap video, I’ll discuss which earnings we need to watch closely this week… the biggest Fed report to know about… why I believe the Nasdaq is super vulnerable right now… key levels on the bond market we need to pay attention to… which three sectors are showing the most vulnerability… how I’m positioning myself to reduce risk… plus where to find the biggest opportunities this week!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Why the Best Setups Happen When Stocks Are Falling on Monday
There’s a powerful market trend that can help transform the way investors trade…
But most people don’t seem to know about it!
The trend started in 1929, and it still works today.
It’s even changed how fellow expert Celeste Lindman trades!
Celeste is going to reveal the trend, and show how it’s remained true through natural disasters and bull and bear markets alike.
Watch Celeste’s Presentation 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.
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 support@marketgeeks.com!
- 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.
