Market Report Apr 23 2021

  • Post author:

Market Report for Apr 23 2021

Growth and Value

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

Market YTD:
Russell 2000 +13.1% YTD
Dow Jones Industrial Average +10.5% YTD
S&P 500 +10.1% YTD
Nasdaq Composite +7.2% YTD

Market Volume:
NYSE Vol: 866 mln (Below)
Nasdaq Vol: 4.4 bln (Below)

New Swing Positions:
None

Comments:
After the reports of the President looking to increase capital gains tax to as high as 43.4% on those who earn more than $1 mln in the US, the market sold off.

Still, while the market was selling off, some of our stocks did well again, ignoring the broad downward pressure.

We did get stopped out on GBPUSD on two positions, both with profit but position 3 is still running, although with a loss. EURJPY is still open snd we are looking to remove this.

ETHUSD manage to make a new ATH but did not manage to close at those levels. Instead formed an indecision bar and currently dealing around the lows of yesterdays bar. BTCUSD was not interested in making new highs and has continued down the pullback path.

As this is the last trading day of the week, we will probably be standing aside unless a good opportunity shows up.

Have a good weekend.

Let’s go trade!