Market Report for Apr 28 2021
S&P 500 = Up
Nasdaq Composite = Up
Russell 2000 +16.5% YTD
S&P 500 +11.5% YTD
Dow Jones Industrial Average +11.0% YTD
Nasdaq Composite +9.3% YTD
NYSE Vol: 778 mln (Below)
Nasdaq Vol: 4.6 bln (Below)
New Swing Positions:
No new buying into the market as traders await earnings results.
Some trades we have are TSLA, LLY, CROX, CRSP, PINS, MSFT and AMD which all released earnings yesterday.
Today we are awaiting earnings results for SPOT, AAPL, EBAY, FB and TDOC.
We have the FOMC rate decision due out today so will be intentionally standing aside for this to pass.
The only FX position we have is a single long position on GBPUSD which is negative at present. Prior GBPUSD positions were exited last week with a profit. However, we also exited EURJPY with a small profit on Friday but that has gone on to breakout and find a little bit of strength since then.
A busy day ahead with earnings and news.
Let’s go trade!