Market Report Dec 07 2021

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Market Report for Dec 07 2021

Look for levels of low risk.

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

Market YTD:
S&P 500 +22.3% YTD
Nasdaq Composite +18.1% YTD
Dow Jones Industrial Average +15.1% YTD
Russell 2000 +11.6% YTD

Market Volume:
NYSE Vol: 1.05 bln (Above)
Nasdaq Vol: 5.05 bln (Above)

New Swing Positions:
EURUSD Short

Comments:
Markets turned around yesterday frustrating the traders that have really been stopped out. Santa rally usually arrives at the latter part of December so do not be surprised if we have more tree shaking.

Tech started the day on the back foot and NYSE was positive premarket but managed to change direction and joined the party mid-session.

Will we get a follow-through today or was Monday a one-hit-wonder? We are looking to add to some of our current positions now and will be on the lookout for new positions.

Still cautious but bullish.

Let’s go trade!