Market Report May 11 2023

A pretty pleasing April CPI report on Wednesday, which may lead the Fed to keep rates unchanged at the June FOMC meeting.
Nasdaq managed to tip over resistance while S&P 500 still has some distance to go before reaching its resistance level.

Most sectors found reason to gain after digesting the CPI orchestrated by the tech sector.
VIX was back below 17 once again.

Now CPI is over; we can focus on the market once again. Although for our Swing trades, we do have BoE rate decision today.

Javid Shaik

Let's go trade!