Market Report Apr 16 2021

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Market Report for Apr 16 2021

Avoid the obvious.

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

Market YTD:
Russell 2000 +14.3% YTD
Dow Jones Industrial Average +11.2% YTD
S&P 500 +11.0% YTD
Nasdaq Composite +8.9% YTD

Market Volume:
NYSE Vol: 849 mln (B)
Nasdaq Vol: 4.3 bln (B)

New Swing Positions:
None

Comments:
An all green day on the markets and leading the way was the Nasdaq Composite, +1.3% which was aided with a 1.8% gain in the Tech sector. The index is now just over 1% from its ATHs.

The S&P 500 and Dow Jones Industrial Average both printed new ATHs. This may all have in part been helped by the weaker 10-year treasury yield.

Today is the last trading day of the week and we can stand aside and watch the market as we start to prepare for the following trading week.

Let’s go trade!