Market Report Jul 15 2022

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Market Report for Jul 15 2022

S&P 500 and Nasdaq Daily Charts

On Thursday stocks opened weak and weakened more during the session but as mentioned a few times already, Nasdaq managed to overturn the weakness and closed flat while the S&P 500 and Nasdaq Composite closed in the red.

Nasdaq found resistance a week ago and did not manage to break it but found the next level of support where it currently resides. The S&P 500 had undercut its support.

Just 37% of our stocks were positive on the day and our biggest loser was NET with -4.64%.

We are continuing to stand aside.

Let’s go trade!