Market Report Apr 27 2021

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Market Report for Apr 27 2021

Don't be part of the greater fool theory.

 

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

Market YTD:
Russell 2000 +16.4% YTD
S&P 500 +11.5% YTD
Dow Jones Industrial Average +11.0% YTD
Nasdaq Composite +9.7% YTD

Market Volume:
NYSE Vol: 813 mln (Below)
Nasdaq Vol: 4.4 bln (Below)

New Swing Positions:
None

Comments:
The Nasdaq Composite closes at record highs. Price still has a little more to do for an ATH but price is finally back to where it has been longing for while shaking that tree and removing all the weak traders. The S&P 500 set an intraday high. Energy, Materials and Tech were the strongest sectors and Consumer Staples was the weakest.

TSLA had earnings that beat expectations but the stock fell about 2.5%.

SKLZ and BNGO were our biggest gainers on Monday’s session.

BTCUSD and ETHUSD both had good gains yesterday and GBPUSD is currently camping at its 50MA.

With momentum building up, swing trades may soon start to come into their own once again.

Let’s go trade!