Market Report for Sep 28 2022
The day started with the markets revved up but we have been here before and bought the t-shirt, signs of bullishness soon abated. The day ended mixed with the Nasdaq closing positive and S&P 500 and Dow 30 closing negative. The S&P 500 undercut its June 2022 lows.
Other than three stocks, all others closed positive for the day.
The September slump seems very long and there is no reason other than seasonality that the slump can’t continue.
We continue to watch.
Let’s go trade!