Market Report Dec 24 2021

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Market Report for Dec 24 2021

Sant Claus rally

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

Market YTD:
S&P 500 +25.8% YTD
Nasdaq Composite +21.5% YTD
Dow Jones Industrial Average +17.5% YTD
Russell 2000 +13.5% YTD

Market Volume:
NYSE Vol: 647 mln (Below)
Nasdaq Vol: 3.9 bln (Below)

New Swing Positions:

Another bullish session, another low level of volume. This will most likely be mainly due to the reluctance of traders wanting to hold positions over the long weekend which is why we say light volume on the last trading day before Christmas. The markets still had a bullish time though.

The Santa Claus rally officially starts next week so hopefully, Dasher, Dancer, Prancer, Vixen, Comet, Cupid, Donner, Blitzen and Rudolph do not take a wrong turn.

We have a long weekend to enjoy the festivities but do try and make some time for your weekend analysis too, next week might be a busy one.

Enjoy the holiday’s traders.

Let’s go trade!