Market Report May 20 2022

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Market Report for May 20 2022

S&P and Nasdaq price action

Price and volume

Analysis:
Thursday was another choppy session that had risk sentiment surrounding it with a slightly heavier than average volume. However, unlike the day before, a few sectors saw some strength.

With the re-opening, many retailers have not managed to cope well in earnings and many have issued disappointing guidance. It seems the good news from this round of earnings s that it is coming towards the end.

For Friday, the market looks bullish but this market is volatile and swings about quite a lot. We are still mainly in cash and watching.

No change to our book yesterday.

Intraday market

Let’s go trade!