Market Report Feb 03 2022

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Market Report for Feb 03 2022

Stock market charts

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

Market YTD:
Dow Jones Industrial Average -2.0% YTD
S&P 500 -3.7% YTD
Nasdaq Composite -7.9% YTD
Russell 2000 -9.6% YTD

Market Volume:
NYSE Vol: 985 mln (Below)
Nasdaq Vol: 4.5 bln (Above)

Comments:
A bullish session overall with the S&P 500 and Nasdaq 100 climbing to 1 – 1.5 week highs and Dow Jones Industrial Average managing a 2.5 week high.

Tech had a rally mainly due to GOOGL having an outstanding quarter which it reported on Tuesday evening. On Wednesday evening FB reported and was seen -20% post-market after its announcement taking price to the 200-day line.

We have many more stocks that have their earnings due out so we should expect to see more disruption near-term.

We are buying into this market but as mentioned before, cautiously.

Let’s go trade!