Market Report for Jan 13 2023
CPI came in as expected on Thursday and the markets were swinging around 100 points on the Dow during that time to then settle down and close the session in the green.
During last weekend’s webinar, we discussed the potential pop in the market and this week and we have had that pop. We also discussed the scenarios regarding the VIX which is now below 20.
The S&P has tagged its DVI from below and above 50MA. The Nasdaq is dealing up 50MA but below its DVI. Both ended the session with a Doji.
Let’s go trade!