Market Report Apr 28 2022

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Market Report for Apr 28 2022

S&P 500 and Nasdaq

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

Stock Market %:
DJIA: +0.19
Nasdaq Composite: -0.01
S&P 500: +0.21
UK FTSE 100: =0.53

Market Volume:
NYSE Vol: 993 mln (Below)
Nasdaq Vol: 4.6 bln (Below)

Yields:
2-yr: +2 bps to 2.57%
3-yr: UNCH at 2.73%
5-yr: +2 bps to 2.82%
10-yr: +5 bps to 2.82%
30-yr: +4 bps to 2.91%

Comments:
The Nasdaq undercut the prior day low closing with a Doji at the lowest level for 2022. The S&P 500 also closed with a Doji but NOT at the lowest level for the year. As the S&P has been leading the stock market for the past year, this is at least a glimmer of positivity this week indicating we might see some strength today.

Tech sector was the leader yesterday and Comms the laggard.

We will continue to predominantly stand aside and wait for market confirmation of strength.

Our prior trimming keeps our portfolio fit and well managed and more equally importantly, removes the emotion.

Let’s go trade!