Market Report Apr 13 2021

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Market Report for Apr 13 2021

The markets are pretty simple. There are long periods of waiting broken up by brief periods of change.

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

Market YTD:
Russell 2000 +13.1% YTD
Dow Jones Industrial Average +10.3% YTD
S&P 500 +9.9% YTD
Nasdaq Composite +7.5% YTD

Market Volume:
NYSE Vol: 789 mln (B)
Nasdaq Vol: 4.2 bn (B)

New Swing Positions:
None

Comments:
It has been a year but volume levels are now back to the pre-pandemic levels it seems.

A very tight ranged session to the start of the week with all the indices closing in the red somewhere between -0.02% to -0.36%.

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

We took a new buy position on GBPUSD Monday morning and will look to add to that should price find strength.

As of 10.00 am BST, BTCUSD and ETHUSD are making new ATHs.

Let’s go trade!