Market Report Aug 10 2021

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Market Report for Aug 10 2021

Once a position is open, be patient.

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

Market YTD:
S&P 500 +18.1% YTD
Nasdaq Composite +15.1% YTD
Dow Jones Industrial Average +15.0% YTD
Russell 2000 +13.2% YTD

Market Volume:
NYSE Vol: 736.1 mln (Below)
Nasdaq Vol: 4.1 bln (Below)

New Swing Positions:
None

Comments:
The S&P 500 and Dow Jones Industrial Average had a bearish day while the Nasdaq Composite managed a neutral session.

We should not worry to about why each day had the outcome it did, we need to focus on the big picture and see where the days beyond noise can take us.

Some strength shows on yesterdays session for positions that have been a little quiet of late. COIN, TSLA, BYND, PTON, LLY, REGN, FCEL, CLSK, HYRE, DQ, BEN.

EURUSD and GBPUSD had a bearish session while BTCUSD and ETHUSD enjoyed a bullish session.

GOLD tagged the March 2021 pivot low before retracing which would have taken more tight stop traders out of the game.  A line in the sand has been drawn.

Let’s go trade!