Why the Bulls Are Running Out of Steam

To view this email as a web page, go [here.]( [Roger Scott Newsletter] December 5, 2022 [Why the Bulls Are Running Out of Steam]( The major indexes fell to start the week as investors await key economic data — and more in Monday’s stock market recap. We get Purchasing Managers’ Index Composite Final and Factory Orders reports Monday, with Tuesday and Wednesday bringing data on International Trade in Goods and Services and Productivity and Costs, respectively. The latest jobless claims report comes out Thursday, which will give the Federal Reserve more information on the health of the economy heading into its next two-day meeting on Dec. 13. Friday will bring reports on the Producer Price Index as well as Consumer Sentiment. December’s Fed meeting is one of the most anticipated. The central bank is expected to ease rate hikes from 0.75% to 0.50%. But with inflation still high and the job market still strong, there’s concern the Fed may opt for another 0.75% hike. In this morning’s stock market recap video, I’ll discuss why the bond market is overbought… what to expect from energy markets… if the Dow will rise or pull back… why I like industrial stocks… what to expect for the first half of the week…. And why the PPI can shape the coming weeks ahead! [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. ________________________________________________________ [The Fed Is at it Again…]( [Clicking this link will automatically register you for periodic mailings and updates from WealthPress ([privacy policy]( In just a matter of days, the Federal Reserve is doing something that could send shockwaves yet again through the market… Stocks could soar or plummet in a matter of minutes. That’s why Chuck Hughes has been working on an [underground project]( to help traders get in front of the big announcement… [Clicking this link will automatically register you for periodic mailings and updates from WealthPress ([privacy policy]( It’s already shown the power to warn investors not once, not twice, but FOUR times before the collapse of the S&P 500 back in January*… And now it’s signaling something much more powerful — which is why Chuck has a special message he wants to share… [Go Here to See What It Is]( [Clicking this link will automatically register you for periodic mailings and updates from WealthPress ([privacy policy]( ________________________________________________________ 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]( How I’m Gauging Price Action as Bulls Lose Momentum December 2, 2022 The major indexes fell Friday morning on stronger-than-expected jobs data as investors worried that a healthy labor market will give the Federal Reserve more reason to continue raising interest rates [Continue Reading]( * Profit examples represent buy and sell signals generated by the Champion Indicator Strategy from 09/03/02 to 9/28/2022 and may not be typical. Profit results are based on simulated trading and not actual trades. No actual money is invested, nor are any trades executed. Simulated trading services in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. There are risks involved with trading including the risk of loss. [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. 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