Market Report Aug 12 2021

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Market Report for Aug 12 2021

Big winners can take years.

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

Market YTD:
S&P 500 +18.4% YTD
Dow Jones Industrial Average +15.9% YTD
Nasdaq Composite +14.6% YTD
Russell 2000 +14.0% YTD

Market Volume:
NYSE Vol: 750 mln (Below)
Nasdaq Vol: 3.9 bln (Below)

New Swing Positions:
TROX but not as Swing

Comments:
A low volume session once again but it has taken the S&P 500 and Dow Jones Industrial Average to new highs. Nasdaq Composite was the laggard in Wednesday’s session and the only one to close negative.

Somewhat seesaw week but we expected that in this low volume environment and quiet season.

TROX is a previous DST trade opportunity and we were finally filled into this position but are trading it from a different portfolio to our originally intended Swing portfolio.

EURUSD and GBPUSD found a little bit of strength yesterday and at least for now have not moved down to the levels we would have liked.

Gold also found some strength yesterday but we would like to see a follow-through on that momentum today and/or Friday.

Let’s go trade!