EB Daily Market Report - June 26, 2023

Dear Members.

A very brief update today and Tom will be returning with his full report tomorrow.

Traders continue to be cautious again today with all of the major indexes lower. Both the S&P and NASDAQ remain above all key technical levels but that is starting to narrow. For now we should keep an eye on the 20 day moving average on the S&P, currently at 4315. Should that go, we might see some additional selling. To the upside the bar is not the most recent high of 4448 which will need to be cleared if the bulls hope to take prices higher.

That's it for today!

At your service,

John Hopkins