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Day Trading Weekly Review - August 8th. Meir Barak

1,447 views · Published 7 August 2016 · 3:15 · Indexed 23 September 2026

Channel: Meir Barak - Day Trading · 2016 · Education

Day Trading weekly report: Hi traders, both in the Olympics and in Wall Street - new world records! In a sixth consecutive upside week, the S&P500 gained 0.5% and a new all time high. June employment report came out better than expected and drove the market higher. The quarterly earning season is about to end with more than 85% of the reports and an average drop of 2.6% in companies earnings, however, better than analysts’ expectations. The market is trending higher, however August volatility is known to be very low, so don’t expect much. As I mentioned in previous weeks – the market is trending higher, we should follow the trend.

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Day Trading Weekly Review - August 8th. Meir Barak

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