Market Report Feb 10 2022

  • Post author:

Market Report for Feb 10 2022

Stock Market Indices

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

Market YTD:
Dow Jones Industrial Average -1.6% YTD
S&P 500 -3.8% YTD
Russell 2000 -7.2% YTD
Nasdaq Composite -7.4% YTD

Market Volume:
NYSE Vol: 901 mln (Below)
Nasdaq Vol: 4.6 bln (Below)

Comments:
Another bullish day that sees the S&P 500 and Nasdaq Composite reach their respective near-term resistance level as the Dow Jones Industrial Average broke through and closed above its resistance point.

With the pullback in interest rates, many stocks, especially those that have had difficulty in recent months managed to find strength in Wednesday’s session.

All of our positions closed up for the day, except AMZN which was flat.

While we have not bought into many new stocks, we have compounded on some of our other stocks which have done well since then. New opportunities we like are few and far between but we have a few on our watchlist. A breakout in the market provides further evidence for us to continue to be involved in this market.

Let’s go trade!