Market Report Aug 04 2021

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Market Report for Aug 04 2021

Reinvest your money.

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

Market YTD:
S&P 500 +17.8% YTD
Dow Jones Industrial Average +14.7% YTD
Nasdaq Composite +14.5% YTD
Russell 2000 +12.6% YTD

Market Volume:
NYSE Vol: 818.3 mln (Below)
Nasdaq Vol: 4.1 bln (Below)

New Swing Positions:
None

Comments:
A bullish day on the indices as the S&P 500 closes at a new record high. Comms was the only sector in the red.

HOOD has closed up 41% from its IPO which is more in-line with what we were expecting, given that this is a popular company with the younger generation of traders so an obvious choice to buy. Just surprising it took a few days to have seen that move. To confirm, this is not a stock we are in or considering buying.

Big movers after hours were CERS and NVTA which were 16% and 12%.

GBPUSD found a little strength yesterday but below 50MA.

Let’s go trade!