Market Report Aug 11 2022

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Market Report for Aug 11 2022

S&P 500 and Nasdaq Daily Chartsx

Stock Market Price And Percent Changes

With CPI out of the way, we can focus on our trading once again. Post CPI on Wednesday saw a bullish market close with Nasdaq continuing to lead the way.

CPI came in cooler than expected, this opens the door for the Fed to be less aggressive and also pivot sooner than perhaps expected.

Nasdaq Composite continues to deal above its resistance levels and now the S&P 500 has joined the party after about 8 days of pondering.

Our position remains the same. We continue to be bullish until the market suggests otherwise.

Let’s go trade!