Market Report Dec 21 2021

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Market Report for Dec 21 2021

Stick with market leaders!

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

Market YTD:
S&P 500 +21.6% YTD
Nasdaq Composite +16.2% YTD
Dow Jones Industrial Average +14.1% YTD
Russell 2000 +8.3% YTD

Market Volume:
NYSE Vol: 1.1 bln (Above)
Nasdaq Vol: 4.4 bln (Below)

New Swing Positions:
None

Comments:
A bearish day across the board once again. Looking at volume, the levels were still very much acceptable.

The S&P 500 closed below the 50MA as Dow Jones Industrial Average tests DVI and the Nasdaq Composite tests the 15k RN.

We exited REGN in yesterday’s session with over 25% profit. The position was entered in February this year. We may look to re-enter this trade again at some point.

From today we will start to scour the stock market for trades we can test.

Let’s go trade!