Market Report Jun 08 2022

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Market Report for Jun 08 2022

S&P 500 and Nasdaq Daily Charts

Market Percent Changes

Intraday Stock Market

Tuesday started with a weak premarket and closed the session in positive territory. For the S&P 500 and the Nasdaq Composite, there was 60% positive price action.

Consumer Discretionary was the biggest loser.

Our recent purchases moved into profit and we added XV to those positions.

We will continue to test the stock market for trend trading opportunities.

We have been short EURUSD and GBPUSD this week and yesterday we had surprise news from the Reserve Bank of Australia with a 50 basis point hike to 0.85%. The expectation was for only 25 basis points.

The 10-yr moved back below 3% as Energy rallied and was the biggest gainer.

Let’s go trade!