Market Report May 24 2022

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Market Report for May 24 2022

S&P 500 and Nasdaq

Indices

Comments:
Monday’s momentum managed to lift the market up and while it is offering a glimmer of hope for the turnaround, it is still too early to say any momentum to the upside can be sustained. So we should continue to assume the market is bearish until there is more evidence it is not.

There was broad-based interest in the bullish move yesterday with many stocks getting n on the action. This has prevented us from opening more shorts at the moment.

All the sectors closed positive.

Let’s go trade!