Market Report Feb 01 2022

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Market Report for Feb 01 2022

Indices daily charts

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

Market YTD:
Dow Jones Industrial Average -3.3% YTD
S&P 500 -5.3% YTD
Nasdaq Composite -9.0% YTD
Russell 2000 -9.7% YTD

Market Volume:
NYSE Vol: 1.4 bln (Above)
Nasdaq Vol: 5.0 bln (Above)

Comments:
We have bought into certain stocks last week and while they performed well on the last trading day of the month, we still want to exhibit a degree of caution.

A rebound in the market saw good volume yesterday and we have a suggestion of direction.

All sectors ended Monday’s session in the green ranging from +1.17% ( Dow Jones Industrial Average ) to +3.41% ( Nasdaq Composite ). What we saw take place yesterday needs a follow-through for us to have confidence.

Every stock in our portfolios had a positive day which was nice to see. We will buy more into this market if it provides the reason.

Let’s go trade!