Market Report for Jun 01 2022

Comments:
Tuesday which was this weeks first trading day saw heavy volume but little in the way of positive price action. We spent just 13% above Friday’s closing price on the S&P 500 but Nasdaq faired better with 40% above last weeks close.

Consumer Discretionary was the only sector to gain yesterday.

A pop then drop in oil after testing $120/barrel when EU agreed to ban 90% of Russian cruse imports by the end of 2022.

We are once again looking for new trading opportunities.

Let’s go trade!