Market Report Apr 06 2021

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Market Report for Apr 06 2021

226 Patience applied produces profits.

 

 

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

Market YTD:
Russell 2000 +14.7% YTD
Dow Jones Industrial Average +9.5% YTD
S&P 500 +8.6% YTD
Nasdaq Composite +6.3% YTD

Market Volume:
NYSE Vol: 869.2 mln (B)
Nasdaq Vol: 4.4 bln (B)

New Swing Positions:
None

Comments:
The S&P 500 and Dow Jones Industrial Average create new ATHs and the Nasdaq Composite closes above the 50MA.

On May 26 2020 we were looking at 3000 on the S&P 500. Just 215 trading days (10.3 months) later we are looking at 4000. This shows how resilient the market can be.

Consumer Discretionary, Comms and Tech were the best sectors performers and Energy was the worst.

FB and MSFT formed new ATHs.

Our two FX positions are EURJPY and GBPUSD and both found some strength yesterday.

Let’s go trade!