Market Report Dec 29 2021

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Market Report for Dec 29 2021

Patience is not just the ability to wait but how we behave while we wait.

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

Market YTD:
S&P 500 +27.4% YTD
Nasdaq Composite +22.5% YTD
Dow Jones Industrial Average +18.9% YTD
Russell 2000 +13.8% YTD

Market Volume:
NYSE Vol: 568 mln (Below)
Nasdaq Vol: 3.6 bln (Below)

New Swing Positions:

A low volume session that was initially positive and ended negative, except for Dow Jones Industrial Average which closed +0.26%. The S&P 500 did print a record high above 4800 but closed lower.

Tech was the weakest sector but with low volume. DIS was our best performing stock for the day and also the Dow Jones Industrial Average best performer at only +1.57% as it approached the d50MA.

We will have our shopping basket ready and may also be taking the axe to a few of the stocks.

Let’s go trade!