Market Report for Jan 24 2023

The S&P 500 managed to maintain momentum as price moved up the 200-day line and 4000, although still below the 50-week line. Monday was the third largest percent gain this year.

The Nasdaq Composite is above the 50-day line but below the 200-day and week line and yesterday was also the third biggest gainer this year.

Mega-cap provided strength overall and was helped with the broader market participation.

Let’s go trade!