Market Report for Jun 03 2022
Some 79% and 92% of the time was spent for the S&P and Nasdaq Composite respectively on Thursday’s session dealing above the prior days close.
Volatility was slightly higher than in recent times but that aided price to move in the right direction. After a brief intraday shakeout, the markets managed to stay above their support lines and closed with bullish bars making new highs for the week.
MSFT lowered its Q4 guidance but even this stock managed to climb back from the depths of intraday weakness and close nearly 1% up on the day with a $13 swing.
All of our positions closed between +0.79% to +16.23% in profit and this is not something we have seen in a while.
Added a new position in yesterdays session.
Enjoy NFP and the prekend.
Let’s go trade!