Market Report Nov 16 2022

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Market Report for Nov 16 2022

S&P 500 and Nasdaq Daily Charts

Commodities Price And Percent Changes

PPI coming in cooler than expected, the markets found reasons for some additional premarket strength going into the open on Tuesday.

The market suddenly found some weakness during the session after reports of Russian missiles in Poland (NATO member) killing two people. After that, the market did find some strength again but seemed to have lost the momentum it displayed prior to that news.

So far the markets are moving in the direction we have been expecting but the question now is can this continue? We are still in a choppy period but if we can get a break of DVI on the S&P 500 and the Nasdaq Composite can follow, the confidence in this bull run will grow. Failure at these levels may have investors running for the exit.

Let’s go trade!