Market Report May 19 2023

It pays to be onside. The S&P 500 is finally at the races with a test of resistance, while Nasdaq broke through its resistance 7 trading days ago.

All the main U.S. and European indices had a bullish Thursday but some U.S. sectors failed to see strength and closed negative.

VIX also saw weakness going on to test the 16 level.

Most of our stocks found good reasons to align with the market again and provided a positive return on the day.

NET had its biggest close from the session lows since the recent earnings drop. It is now back above d50MA and DVI and almost back pre-earnings.

It is Friday and that means the weekend for Dynamic Traders has started. 

Javid Shaik

Let's go relax!