Market Report for Feb 05 2021

Market Trend:
Up

Market YTD:
Russell 2000 +11.5% YTD
Nasdaq Composite +6.9% YTD
S&P 500 +3.1% YTD
Dow Jones Industrial Average +1.5% YTD

Market Volume:
NYSE Vol: 939 mln (B)
Nasdaq Vol: 7.1 bln (A)

New Swing Positions:
None

Comments:
A bullish day on Thursday with the S&P 500 reaching an ATH. Materials was the only sector in the red.

PYPL and EBAY both surged to record highs after earnings and as was reported, AAPL is nearing a deal with Hyundai-Kia to produce an Apple car.

PYPL was our biggest gainer while SPCE was our biggest loser. February 13 will be the next test fight launch date as the company seems to steadily move towards making space travel a reality.

So far this year we have not traded too much but still looking for the low-risk opportunities.

Let’s go trade!