Market Report Feb 19 2021

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Market Report for Feb 19 2021

Stock market declines are quite common, get use to them.

Market Trend:
Up

Market YTD:
Russell 2000 +12.3% YTD
Nasdaq Composite +7.6% YTD
S&P 500 +4.2% YTD
Dow Jones Industrial Average +2.9% YTD

Market Volume:
NYSE Vol: 941 mln (B)
Nasdaq Vol: 6.4 bn (A)

New Swing Positions:
None – CLSK not filled

Comments:
Another bearish day and we continued to buy into the market. Al indices closed in the red and Energy was the worst-performing sector.

We placed a day order for CLSK @28.51 from Anne’s DST but price never managed to get that low and then moved up without us.

A couple of new long positions and a short in USDCHF were taken yesterday.

NASA successfully landed its new robotic rover Persaverence on Mars. And SPCE will be attempting the postponed test flight from last week again this weekend.

Mars landing 2021
Photo courtesy of NASA

Dynamic Traders will often do the opposite of the majority of traders as we know the majority are often wrong. When they sell we look to buy. This is not an easy thing to do and for most, it is easier to stomach the turnaround before buying into the market. Either way, be prepared to take action.

Have a great weekend.

Let’s go trade!