Market Report Apr 30 2021

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Market Report for Apr 30 2021

If you do not have a trading scar yet, once you start to feel invincible, you will.

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

Market YTD:
Russell 2000 +16.2% YTD
S&P 500 +12.1% YTD
Dow Jones Industrial Average +11.3% YTD
Nasdaq Composite +9.3% YTD

Market Volume:
NYSE Vol: 903 mln (Below)
Nasdaq Vol: 4.8 bln (Below)

New Swing Positions:

A new record by the S&P 500 but the Nasdaq Composite did not manage to close at ATH.

Volume levels seem to consistently be trading at levels pre-pandemic.

AAPL, AMZN and FB all delivered strong earnings results but FB was the only one closing at ATH.

BTCUSD going through near-term weakness as mentioned earlier in the week while ETHUSD continues to make new ATHs. However, yesterday price printed a Doji so watch out for the potential for near-term weakness here too.

GBPUSD doing a log of nothing. Small range bars that are dealing above 50MA but below 1.4000. Still only one position in this pair.

As it is the last day of the week, we can watch the market from afar and start to enjoy the prekend.

Let’s go trade!