Market Report Aug 06 2021

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Market Report for Aug 06 2021

Investing should be interesting and boring.  If it is fun and exciting, you are not investing.

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

Market YTD:
S&P 500 +17.9% YTD
Nasdaq Composite +15.6% YTD
Dow Jones Industrial Average +14.6% YTD
Russell 2000 +13.2% YTD

Market Volume:
NYSE Vol: 793.2 mn (Below)
Nasdaq Vol: 4.0 bln (Below)

New Swing Positions:
None

Comments:
The S&P 500 and Nasdaq Composite closed at record highs on Thursday, in preparation for today’s NFP.

Healthcare and Materials were the worst performers and Financials was the best.

BTCUSD and ETHUSD both managed to gain a little yesterday and GBPUSD is still struggling around the 50MA but we might see a move in either direction as a result of DVY reaction to NFP today.

Stand aside, watch the fireworks and enjoy the show.

Happy prekend.

Let’s go trade!