Market Report Apr 15 2021

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Market Report for Apr 15 2021

Lose the crowd.

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

Market YTD:
Russell 2000 +13.8% YTD
Dow Jones Industrial Average +10.2% YTD
S&P 500 +9.8% YTD
Nasdaq Composite +7.5% YTD

Market Volume:
NYSE Vol: 861 mln (B)
Nasdaq Vol: 4.0 bln (B)

New Swing Positions:
None

Comments:
The Dow Jones Industrial Average was the only positive gainer on Wednesday’s session. All our other indices closed bearish for the day.

JPM, GS and WFC all provided better than expected earnings which help boost the Dow Jones Industrial Average.

COIN made its debut a few hours into the session with higher than expected levels then subsequently fell during most of the remaining session.

BTCUSD and ETHUSD made new highs.

We added to GBPUSD during yesterdays session and are still long EURJPY.

The reason we are not entering into Swing trades is that we need momentum for increasing the probability of success. For now, we can wait and watch.

Let’s go trade!