Market Report Dec 16 2021

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Market Report for Dec 16 2021

Breakouts  are not always the best entry.

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

Market YTD:
S&P 500 +25.4% YTD
Nasdaq Composite +20.8% YTD
Dow Jones Industrial Average +17.4% YTD
Russell 2000 +11.2% YTD

Market Volume:
NYSE Vol: 1.1 bln (Above)
Nasdaq Vol: 5.2 bln (Above)

New Swing Positions:

As we awaited the Fed statement on Wednesday which was as expected and so did not spook the market.

All the indices ended the session positive. It would now be nice to see a follow-through day to convince us the momentum is back on track.

Our biggest gainer yesterday was AI at +12% with RBLX doing the opposite and closing -9%.

ETHUSD had about a 4% increase yesterday while BTCUSD could only manage 1%.

Now we can focus on the market once again.

Let’s go trade!