Market Report May 09 2023
Nasdaq provides a small range day that tests the resistance zone while the S&P 500 also had a small range but is still some distance from its resistance zone.
A mixed session with Dow Jones Industrial Average and Russell 2000 ending the day red and 7 sectors seeing the same.
VIX also saw red and closed just below 17. That might change after the CPI data on Wednesday but overall, it has been calm all year.
After this weekend a lot of the earnings will be behind us, so we can once again focus on management and new trades.
Let's go trade!
