Market Report for Dec 01 2022

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Market Report for Dec 01 2022

S&P 500 and Nasdaq Daily Charts

The market was awaiting Fed Chair Powell’s speech since the muted London open and stocks reacted very positively.

So November closed bullish across the main indices and while this may come across surprisingly for some and catch them off guard and on the wrong side of the trend, we were half expecting to see some strength in this market and have positioned accordingly since the end of August. We also discussed the data-driven outcomes in recent weekly webinars.

So now we are into the last trading month of the year, we wait and see if this market will continue to bring joy and happiness.

The markets have NFP to contend with tomorrow so manage accordingly.

Let’s go trade!