Market Report Jul 08 2022

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Market Report for Jul 08 2022

S&P 500 and Nasdaq Daily Charts

Stock Market Price And Percent Changes

2/10 Yr Yield

Nasdaq Composite which has been the leader of the main indices has reached its 50MA and testing its prior high. The S&P 500 is closing in on its prior high with a little way to go before mingling with the 50MA society.

Copper which is one of our leading indicators managed to find some strength yesterday. However, the 2/10 Yr Yield curve is also a leading indicator and continues to invert.

Today is NFP so stand aside, enjoy the show then over the weekend we can assess the market.

Let’s go trade!