Market Report for Jan 19 2023

Wednesday we had the PPI number which the premarkets reacted to positively but as the RTH session progressed, the stocks began to see weakness, especially in mega-cap and the day closed with the S&P 500 back below its 200-day line.

VIX is back slightly above 20 mark so now we will watch the reaction and any follow-through from yesterdays market before considering our next move.

Let’s go trade!