Market Report Feb 02 2022

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Market Report for Feb 02 2022

S&P 500 and Nasdaq Composite daily charts

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

Market YTD:
Dow Jones Industrial Average -2.6% YTD
S&P 500 -4.6% YTD
Nasdaq Composite -8.3% YTD
Russell 2000 -8.7% YTD

Market Volume:
NYSE Vol: 1.0 bln (Below)
Nasdaq Vol: 4.5 bln (Below)

We are beginning to witness strong closes to the sessions as yesterday saw more buying squeeze into the last hour. We are still seeing large swings in the market, although that has been declining in the last six trading days.

We are still only watching this market and have not been actively buying and our current positions are doing well.

Earnings after the close yesterday saw AMD move up 10.5% while PYP moved down 18%.

After today we can start to pack up and enjoy the prekend as it is NFP on Friday.

Let’s go trade!