Mid Morning August 8, 2022

Aug 8, 2022 | Mid Morning Note

  • Equity markets are lifting led by consumer stocks that are heavily shorted.
  • Seeing some intraday fade under today's VWAP levels
  • There are many DeMark Sell Setup 9's developing and that signal worked well at the top in March
  • Tech is underperforming after NVDA announced a massive earnings guidance cut