Market Report for Feb 18 2021
Russell 2000 +14.2% YTD
Nasdaq Composite +8.4% YTD
S&P 500 +4.7% YTD
Dow Jones Industrial Average +3.3% YTD
NYSE Vol: 967.5 mln (B)
Nasdaq Vol: 7.1 bln (A)
New Swing Positions:
The Dow Jones Industrial Average printed a new high yesterday while the other indices lagged and closed in a mixed state.
While many others were selling, we were buying and continued to add to our DTG portfolio as some weakness could be seen in the growth stocks area. Unfortunately, this market state would not allow for Swing positions so none were taken.
The last few hours of the session saw a turnaround but not enough to see green across the board.
NET was our best performer yesterday but only managed less than 3%. In contrast, our worst performer was CHGG which closed 7.5% lower.
GBPUSD hit one of our stops so a position exited with a large profit. All other stops are staggered and no of them were triggered.
BTCUSD is now dealing above 52k.
Let’s go trade!