Market Report for Aug 23 2022
A bearish day across all the indices with the Nasdaq leading the others south. The S&P 500 had 49% bearish bars and Nasdaq Composite 51% in this broad-based selling session.
The 10-yr moved up above 3% which seems to have added to the selling bias for the first trading day of the week.
We did not buy any positions yesterday.
Let’s go trade!