Market Report Feb 09 2022

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Market Report for Feb 09 2022

Stock market charts

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

Market YTD:
Dow Jones Industrial Average -2.4% YTD
S&P 500 -5.1% YTD
Russell 2000 -8.9% YTD
Nasdaq Composite -9.3% YTD

Market Volume:
NYSE Vol: 890 mln (Below)
Nasdaq Vol: 4.2 bln (Below)

Comments:
Volume is not excessive although Tuesday saw a broad range of stocks move up but less so in Energy and Real Estate.

We were expecting to take some action in our portfolio but none was needed due to market momentum to the upside.

The 10-yr is closing in on 2% and Dollar Index managed to increase a little in the session.

As per the webinar this weekend, we are still bullish and looking for buying opportunities but it has been slim pickings due to market action and earnings.

Let’s go trade!