Market Report Apr 01 2021

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Market Report for Apr 01 2021

Buying on the way down can often feel like the wrong decision but can often turn out to be a good decision.

Market Trend:
S&P 500 = Up
Nasdaq Composite = Sideways

Market YTD:
Russell 2000 +12.4% YTD
Dow Jones Industrial Average +7.8% YTD
S&P 500 +5.7% YTD
Nasdaq Composite +2.8% YTD

Market Volume:
NYSE Vol: 1.2 bln (A)
Nasdaq Vol: 4.9 bln (B)

New Swing Positions:
SKLZ

Comments:
A bullish session for the indices, except for the Dow Jones Industrial Average which closed lower 0.25%.

The Tech sector was the winner of the day while Financials and Energy were the worst performers.

As mentioned this week, we will look to buy in this market. We added to SQ yesterday and bought SKLZ which has been sitting on our watchlist for almost 2 months.

A new trading month starts today and it is also the last trading day of the week. Markets are closed on Friday so we have a long weekend.

Happy prekend.

Let’s go trade!