Market Report for Aug 11 2021
S&P 500 = Up
Nasdaq Composite = Up
S&P 500 +18.1% YTD
Dow Jones Industrial Average +15.2% YTD
Nasdaq Composite +14.7% YTD
Russell 2000 +13.4% YTD
NYSE Vol: 792 mln (Below)
Nasdaq Vol: 3.9 bln (Below)
New Swing Positions:
The volume levels are close to the levels we use to have prior to the COVID crash but are slightly on the light side so we should be conscious of that. The concern if the bears get together and over-power the less than the usual number of bulls, we will see a consolidation, pullback, or more.
That being said, the S&P 500 and Dow Jones Industrial Average printed intraday and closing record highs once again. However, the real story is the first half of Tuesday’s session was negative and the second half was neutral but with an ever so slightly higher close than Monday.
BTCUSD is sitting at DVI and ETHUSD just above the 3000 RN.
GBPUSD is in the breather zone and might be edging towards the DVI. EURUSD getting closer to undercutting the March 2021 lows for a DB.
Let’s go trade!