Market Report for Oct 21 2022
Thursday brought with it more choppiness with the market initially moving up suggesting there might be strength on the day but losing that initial momentum and closing the day negative.
There was no initial reaction to the ridiculous politics from London but the market may have taken that into consideration as well as the 10-year yield hitting new highs for the year.
Still a difficult market to decipher but it is staying above support, although not moving far enough away from it to increase confidence levels.
Let’s go trade!