Market Report Aug 27 2021

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Market Report for Aug 27 2021

In and out is often more miss than money.

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

Market YTD:
S&P 500 +19.0% YTD
Nasdaq Composite +16.0% YTD
Dow Jones Industrial Average +15.1% YTD
Russell 2000 +12.1% YTD

Market Volume:
NYSE Vol: 681 mln (Below)
Nasdaq Vol: 3.6 bln (Below)

New Swing Positions:
USDJPY @110.11 exited at entry before session end.

A bearish day with low volume spread fairly evenly across all three indices. The only sector that managed an ounce of green was Real Estate.

Again, this is not a market we need to try and gain entries into but preparation is necessary once the market finds some form of momentum with volume.

SNOW, HYRE, CRWD and CRM were the leaders of the day. ABNB was the laggard.

Gold is possibly forming a BuF at 50MA with yesterday being the Doji flag base, unless the low is undercut.

Happy prekend again everyone.

Let’s go trade!