Market Report Aug 25 2021

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Market Report for Aug 25 2021

Patience and Performance.

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

Market YTD:
S&P 500 +19.4% YTD
Nasdaq Composite +16.5% YTD
Dow Jones Industrial Average +15.6% YTD
Russell 2000 +13.0% YTD

Market Volume:
NYSE Vol: 781.2 mln (Below)
Nasdaq Vol: 3.8 bln (Below)

New Swing Positions:
AUDJPY Long @79.27

Comments:
As the S&P 500 and Nasdaq Composite continue their journey to unchartered territory, the tech-heavy index is certainly the leader, although still lagging YTD.

Again, we need to highlight volume levels, or rather, lack of them. The markets are moving up and that is great but volume need to support these moves and they are not so great.

Look for opportunities but reduce risk. We will continue to stand aside for the moment. Our leader was HYRE +12% and laggard was UBER -2%.

Let’s go trade!