Market Review 2022-11-10

Events

The CPI numbers came in better than expected today. That had impact on the market

SPY is still in an down channel, but there is light at the end of the tunnel.

There are 2 important aspects in this chart. SQN, we are back into the neutral space. On the chart this is actually a cup and handle pattern. The height of the the pattern is about 30$, so my target would be about $419.
I would not be surprised if this is the market bottom, but watch out for global events. 
Putin not participating in the G20 summit is not good.
Here is an interesting interview with Jeremy Siegel . It is just 5 minutes long.

Disclosure

I have been beneficially long the shares in SPY, IWM and QQQ. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.