My Top Sector and Stock as the Market Breaks Out

To view this email as a web page, go [here.]( [Roger Scott Newsletter] October 04, 2022 [My Top Sector and Stock as the Market Breaks Out]( Before we get into today’s stock market recap, I want to let you know about something special I’ve arranged… Given the current economic environment, I’m holding a special open house session of my VIP Trade Room — at no cost! — where I’ll be joined by Joy of the Trade’s Jeff Zananiri. We’re calling it our “Critical Macro Update.” We’ll discuss the global economy, the looming housing crisis and the potential opportunities it presents. It's a session you don't want to miss! [Join us Here at Noon EDT Today!]( Now, let’s get to Tuesday’s stock market recap… The major indexes are up as Wall Street tries to shake off a brutal September that brought new yearly lows. This week brings several key reports, like international trade in goods and services, the PMI composite final, wholesale inventories and consumer credit. But one of the most important is Friday’s employment situation report, which will be the last jobs report before the Federal Reserve makes its next decision on interest rates. The Fed’s next meeting is scheduled for Nov. 2. In this morning’s stock market recap video, I’ll discuss whether momentum levels are rising or flat… a key level for the Dow… whether volatility levels are falling or rising… the latest update on the global economy… the biggest report of the week… the top sector and top industry right now… which small-cap stocks are breaking out… plus how to navigate this market in the current climate. [Get the Details Here]( ________________________________________________________ Roger Scott 27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ [Homeowners, Beware — It Could Only Get Worse]( With 2022 being such a tough year already, the LAST thing Joy of the Trade’s Jeff Zananiri wants to do is add more rain to your parade… But this is unavoidable. Just the other day, when Federal Reserve Chair Jerome Powell committed to hiking interest rates again, and again… Something scary happened in the housing market… Mortgage rates jumped to new highs — even higher than before the Great Recession. - 30-year fixed: 7.479%. - 30-year fixed FHA: 6.917%. - 30-year fixed VA: 7.352%. Now, for those who own a home, you might wonder what this has to do with you… The answer is everything… your retirement plans… your nest egg... your kids’ and grandkids' futures… That’s why Jeff is going live at 1 p.m. EDT on Tuesday, Oct. 4, for a special emergency briefing — and it doesn’t cost a cent to attend! [Join the Session Here]( ________________________________________________________ An Urgent Momentum Update and What to Expect Next Week September 30, 2022 The major indexes were little changed Friday morning as the market looked to close out a week that saw the S&P 500 hit a new low for 2022. [Continue Reading]( The Biggest Threats This Week as Credit Suisse Falls on Failure Rumors October 03, 2022 The broader indexes were up Monday morning as Wall Street looks to recover from a rough September. 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