Market Report for Sep 08 2022
Wednesday saw strength in mega-cap stocks with buying across the board in what could be deemed as an oversold situation in stocks. We should not assume we will turn more bullish from this location. To convince us the market is bullish, price needs more upward momentum.
We have made our portfolio adjustments last week and now mainly waiting to see how September fairs. However, we are still long and added to one of our positions a couple of days ago.
Some of the currencies are very interesting and GBPUSD reached a low level not seen going back to 1985.
Let’s go trade!