Market Report Sep 07 2022

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Market Report for Sep 07 2022

S&P 500 and Nasdaq Daily Charts

Stock Market Price And Percent Changes

While we have been long in recent months, we are now less bullish after having trimmed our positions last week. Currently, the market seems to be lacking a catalyst since Powell’s speech and as we are in September, we know the thin volume and seasonal behaviour will play a part in frustrating traders with choppy to weak price action.

So right now we are mainly standing, watching and preserving our capital before deploying it on good buy candidates.

Let’s go trade!