Market Report Jun 07 2022

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Market Report for Jun 07 2022

S&P 500 and Nasdaq Daily Charts

Market Percent Changes

Intraday Stock Market

After a very promising premarket to start the week off, the mega-cap stocks faded during the session. A 60 point swing for the S&P 500 and 241 point swing for the Nasdaq Composite saw levels move from positive to negative and back to a little positive.

The S&P 500 spent 100% of its time above Friday’s close with about 50% bullish bars while the Nasdaq Composite managed 99.74% of the time above that close with roughly the same number of bullish bars.

Energy and Real Estate were the negative sectors.

There were reports that the Administration may lift tariffs on some imported Chinese goods to help ease inflation pressures. And some additional reports suggesting that China will soon start to remove some of the COVID restrictions in the larger cities.

No new positions were added yesterday but we are still long this market.

Let’s go trade!