Market Report for Nov 11 2022
The much anticipated CPI came in cooler than expected giving a boost to the market and taking all our stocks up, except one.
Any short positions entered on Wednesday’s weakness will quite likely have experienced severe pain on Thursday’s session as the premarket rallied heavily.
As we mentioned on the weekend webinar, we needed tech to join the party and it certainly made an appearance yesterday. All the major averages are up.
Some of our stocks received 30% gains which are numbers we have not seen for more than a year.
In November 2021 we started to axe trades. We have spent most of 2022 standing aside. Can we start buying into the market once again?
Let’s go trade!