Mid Morning August 1, 2022

Aug 1, 2022 | Mid Morning Note

  • Equity indexes have been choppy with the S&P little changed 
  • The mega-cap and tech are leading the NDX up about 0.6%
  • There are new DeMark exhaustion signals on the 60-minute charts with the S&P and Nasdaq futures
  • No changes to the Trade Ideas sheet as I expect consolidation from these levels