Market Report Jul 01 2022

Market Report for Jul 01 2022

S&P 500 and Nasdaq Daily Charts

Stock Market Price And Percent Changes

While the start of the session suggested the theme was nothing but selling for the day, the market did manage to fight back a little with session lows printed towards the end of the first hour. Price found some strength but also found some resistance around the open/close of the prior session.  The S&P 500 and Nasdaq both managed to close around their local support.

Some of the mega-cap

Continue ReadingMarket Report Jul 01 2022

Market Report Jun 30 2022

Market Report for Jun 30 2022

xS&P 500 and Nasdaq Daily Charts

Stock Market Price And Percent Changes

In another session where nothing much happened, Wednesday saw the smallest range for S&P 500 in points and the second smallest range in percent for 2022.

Slightly more down bars to up bars for both the S&P 500 and Nasdaq Composite during the day.

So far the price has managed to get support from one of the support levels.

We will continue to mainly stand aside but will

Continue ReadingMarket Report Jun 30 2022

Market Report Jun 28 2022

Market Report for Jun 28 2022

S&P 500 and Nasdaq Daily Charts

Stock Market Price And Percent Changes

Intraday Stock Market Price Action

Monday saw mega-caps lead the market to the downside as Energy gained the most ground.

Quite a narrow ranged session overall. The S&P 500 saw a range of less than 1% and the Nasdaq Composite around 1.70%.

We will look to test trades in this market and took one yesterday which gained 1.44%.

Today the market has Consumer Confidence to look forward to.

Let’s go trade!

Continue ReadingMarket Report Jun 28 2022

Market Report Jun 24 2022

Market Report for Jun 24 2022

S&P 500 and Nasdaq Daily Charts

Stock Market Price And Percent Changes

Intraday Stock Market Price Action

The market continued to rebound on Thursday’s session with the S&P 500 above the prior days close 77% of the time and Nasdaq Composite 100% of the time. Volume levels were not excessive but around the average volume.

Energy was the weakest and the drop in treasury yields looks like it helped with the bullish sentiment for the session. Tech was in the middle and Utilities had the most

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Market Report Jun 22 2022

Market Report for Jun 22 2022

S&P 500 and Nasdaq Daily Charts

Stock Market Price And Percent Changes

Intraday Stock Market Price Action
Tuesday was the first trading session of the week and it looked to be pretty bullish which was supported by higher than average volume. However, we should keep in mind this is just one day, a moment in time during this bear trend so need further evidence gather over more time.

Since the last low on the S&P 500, there has been 50% up days and 50% down days

Continue ReadingMarket Report Jun 22 2022

Market Report Jun 17 2022

Market Report for Jun 17 2022

Stock Market Price And Percent Changes

S&P 500 and Nasdaq Daily Charts

Intraday Stock Market Price Action

Growth is plaguing both stocks and economies. Central banks are trying to get around the looming inflation, although for many it already feels like it is here, even if the numbers are not officially indicating it. Many central banks are raising the key interest rate with BoE now having raised it 5 times consecutively.

The markets are still volatile and volume is up with prices breaking support. Add to

Continue ReadingMarket Report Jun 17 2022

Market Report Jun 16 2022

Market Report for Jun 16 2022

Market Percent Changes

S&P 500 and Nasdaq Daily Charts

Intraday Stock Market Price Action

As expected, FOMC raises the rates by 75 basis points and also suggested additional increases, which was quite obvious and no surprise. The range projection in 2022 for fed funds rate is 3.1% – 3.9%.

While the market reacted favourably with a bullish session, the number of up bars was not dissimilar to the number of down bars and volume was higher than normal.

The ECB held an emergency

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Market Report Jun 15 2022

Market Report for Jun 15 2022

Market Percent Changes

S&P 500 and Nasdaq Daily Charts

Intraday Stock Market Price Action

Comments:
A small range session on Tuesday for the S&P 500 (73 points) and Nasdaq (194 points). So much of a nothing day prior to the FOMC decision on Wednesday and we continue to stand aside.

The treasury market continues to remain under pressure with the 2-yr note settling 16 basis points up at 3.34% and 10-yr note up 12 basis points at 3.48%. All eyes are on the

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Market Report Jun 14 2022

Market Report for Jun 14 2022

Market Percent Changes

S&P 500 and Nasdaq Daily Charts

Intraday Stock Market Price Action

Volatility for the first trading day of the week was the highest it has been for about 17-trading sessions. New support and resistance levels after a breakdown of support with volume levels on the NYSE and Nasdaq higher than average. And VIX moved up 23%.

A bearish session saw the biggest range on the S&P 500 in 15 trading days. Surprisingly the range on the Nasdaq Composite was less

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Market Report Jun 10 2022

Market Report for Jun 10 2022

A bearish Thursday as we spent 45% and 44% of the time below the close of Wednesday for the S&P 500 and Nasdaq Composite.

With the S&P 500 trading below the lows of last week and breaking support, it is looking like a gloomy end to the week, although we have one final chance to rectify that.

Today we have the CPI report and this will have a big

Continue ReadingMarket Report Jun 10 2022

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