Market Report Feb 17 2021

  • Post author:

Market Report for Feb 17 2021

Most traders are theoretical traders. In theory, there s no difference between theory and practice, in practice there is.

Market Trend:
Up

Market YTD:
Russell 2000 +15.1% YTD
Nasdaq Composite +9.0% YTD
S&P 500 +4.7% YTD
Dow Jones Industrial Average +3.0% YTD

Market Volume:
NYSE Vol: 1.0 bln (A)
Nasdaq Vol: 7.5 bln (A)

New Swing Positions:
None

Comments:
The markets closed mix on Tuesday, which was the first trading day of this week. Some ATHs were posted but the market failed to close at those levels.

Copper continued to surge printing 8.5 year highs while the GBPUSD had a somewhat quiet session.

We did add to some of our Growth trades but no new Swing positions were taken.

SPCE was our biggest loser with a decline of 7%.

As of 6am GMT, Futures are slightly positive.

Let’s go trade!