How I’m Gauging Price Action as Bulls Lose Momentum

To view this email as a web page, go [here.]( [Roger Scott Newsletter] December 2, 2022 [How I’m Gauging Price Action as Bulls Lose Momentum]( The major indexes fell Friday morning on stronger-than-expected jobs data — and more in Friday’s stock market recap. November non-farm payrolls increased 263,000, well above the 200,000 increase expected. And while a strong jobs report is good news for American workers, investors are worried that a healthy labor market will give the Federal Reserve more reason to continue raising interest rates. This is the last monthly employment data before the Fed begins its two-day meeting on Dec. 13, where the central bank is expected to raise rates by 0.50% instead of the previous 0.75% — though, chances for a 75-point hike are rising. In this morning’s stock market recap video, I’ll reveal how algorithms are distorting technical price levels in the major indices… what to expect from employment data… whether the bond market is overbought or oversold… the technical price levels on the Communication Services sector… which sectors remain in play to the upside… and why you need to focus on internals right now! [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. ________________________________________________________ [Death to the “Dip Buyers”]( “Buying the dip” has been the go-to for the past dozen or so years. For the most part, traders could toss in a few bucks and come out on top a few months later… But what happens when the dip just keeps… dipping? That’s been a very real scenario over the past 11 months… And the way things are shaping up… it doesn’t look like the market will “bounce back” any time soon… So it’s time to fight back! New Money Crew’s Lance Ippolito is hosting a training class that doesn’t cost a dime to attend, and he’ll teach traders how to leverage a different part of the market… [Get Access Here]( ________________________________________________________ Bear Trap or Bull Move? Plus My Top ETF and Option December 1, 2022 The S&P 500 and Nasdaq ended their three-day losing streaks Wednesday as Federal Reserve Chair Jerome Powell appeared to confirm the central bank would start to slow down the pace of its rate hikes [Continue Reading]( WARNING: Major Market Vulnerability Ahead — Now Is No Time to Be a Hero November 30, 2022 The major indexes were flat Wednesday morning as two reports gave mixed signals into the health of the economy [Continue Reading]( [Roger Scott] A WealthPress Publication ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [wealthpress.com/terms]( for our full Terms and Conditions. [Manage Your Email Preferences]( [Unsubscribe]( This email was sent by: WealthPress 495 Town Plaza Ponte Vedra, FL, 32081, US [Roger Scott]( [Update Profile](