Market Report Dec 14 2021

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Market Report for Dec 14 2021

Look beyond today. Focus on the future.

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

Market YTD:
S&P 500 +24.3% YTD
Nasdaq Composite +19.6% YTD
Dow Jones Industrial Average +16.5% YTD
Russell 2000 +10.4% YTD

Market Volume:
NYSE Vol: 1.0 bln (Above)
Nasdaq Vol: 4.5 bln (Below)

New Swing Positions:
GBPUSD Short still in play.

Comments:
As omicron threatens the world, an Oxford University study stated that the new variant can still hit those that are fully vaccinated. This was based on testing of blood samples 4 weeks after the second dose of either AZN or PFE.

Something to note is the selling was based on low volume which might indicate there was a lack of buying mixed with only some selling during Monday’s session.

KLIC exited with a profit @61.42. We may look to re-enter again at some point.

We also need to take into consideration that the FOMC policy meeting this week might have some investors holding back.

GBPUSD and EURUSD both presented some weakness in the morning. GBPUSD filled a short order and just this moment stopped out @1.3209

We are standing aside and watching the market.

Let’s go trade!