Market Report for Aug 12 2022

The two indices we follow are both close to relevant resistance levels that we need to cater for.

July’s PPI declined but the relatively underperforming mega-cap stocks saw weakness in the Nasdaq and S&P on Thursday. With the Dow Jones Industrial Average flat for the session.

Energy was the strongest sector with tech and consumer staples the two weakest.

After the first half of the day, we can begin our weekend preparations.

Let’s go trade!