Market Report Dec 02 2021

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Market Report for Dec 02 2021

Trade the levels

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

Market YTD:
S&P 500 +20.2% YTD
Nasdaq Composite +18.4% YTD
Dow Jones Industrial Average +11.2% YTD
Russell 2000 +8.7% YTD

Market Volume:
NYSE Vol: 1.1 bln (Above)
Nasdaq Vol: 6.2 bln (Above)

New Swing Positions:
EURUSD Short stopped out with loss.

Comments:
Some heavy volume which was contributed by both buyers and sellers. Many traders using margin or leverage will make up a lot of that volume we are seeing. The markets job is to move up with the least number of investors onboard.

We have not done any further shopping as yet but will start considering it next week.

The markets ended in the red and at session lows on Wednesday after having been up between 1.5% – 2.5%. Now they are in proximity of 50MA, we need to see how they will react.

Next MaR will be on Sunday. Enjoy the prekend.

Let’s go trade!