Market Report Dec 31 2021

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Market Report for Dec 31 2021

Investigate then invest.

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

Market YTD:
S&P 500 +27.2% YTD
Nasdaq Composite +22.1% YTD
Dow Jones Industrial Average +18.9% YTD
Russell 2000 +13.9% YTD

Market Volume:
NYSE Vol: 683 mln (Below)
Nasdaq Vol: 3.7 bln (Below)

New Swing Positions:
None

Comments:
Another thin volume day that saw intraday highs for the S&P 500 and Dow Jones Industrial Average but then the markets stalled halfway through the session and decided to turn down in the last hour taking the indices into negative figures ranging from -0.16% to -0.38%.

Most of the sectors closed lower for the day with only 4 showing strength.

Our biggest gainer yesterday was NIO (+14.76%) and XPEV (+9.96%). AMD was our biggest loser (-2.20%) which is also a partial close yesterday @146.00

We may well see some more selling if traders are unwilling to hold positions through the weekend so they may close their book today.

Time to start preparing for the next 52 weeks of trading.

Happy New Year.

Let’s go trade!