Market Report for Jul 15 2022
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!