Market Report for Aug 09 2022

 

A flat to bearish session on Monday saw the market lose the premarket strength after the first hour and throughout the session until the last hour of trading.

The S&P is still testing its resistance level while the Nasdaq is still dealing up the resistance turned support.

A morning headline stated NVDA lowered its Q2 guidance which saw the stock lose 6% during the session.

All eyes awaiting the CPI data on Wednesday.

Let’s go trade!