Market Report for Aug 30 2022
A small range session on Monday ended with the indices tagging their 50 moving averages. This was a point mentioned on the weekend webinar and also the topic of oil moving up some more, which yesterday it did.
The rising Treasury yields most likely also weighed down on the market.
We did manage to do some shopping in the session and bought a couple of stocks.
Today we will be standing aside and mainly watching as we build up to NFP.
Let’s go trade!