Market Report for Jul 20 2022
Interestingly, Nasdaq Composite managed to just close above the resistance set last month and its 50 moving average. As mentioned before, this index is leading the way now.
The S&P 500 is also above its 50 moving average but failed to close above the resistance set last month.
While we have not been buying into this market, we have got some positions open and will continue to look for opportunities with long-term growth prospects.
Let’s go trade!