Market Report Feb 25 2021

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Market Report for Feb 25 2021

Trade minor interruptions in major trends.

Market Trend:
Up

Market YTD:
Russell 2000 +15.7% YTD
Nasdaq Composite +5.5% YTD
S&P 500 +4.5% YTD
Dow Jones Industrial Average +4.4% YTD

Market Volume:
NYSE Vol: 1.2 bln (A)
Nasdaq Vol: 5.6 bln (A)

New Swing Positions:
DQ @92.93
PHR @64.78

Comments:
All the major indices closed positive on Wednesday led by Energy.

Importantly, the averages stayed above their prior days low providing the initial indication of a continuation. As I have said on the weekly webinars and with previous graphics, 5-10% declines are very common and we have just witnessed another one.

Buying opportunities are still available, as long as the market remains above the Feb 23 2021 lows.

We got filled into a couple of Swing trades yesterday and some that did not hit our levels. Also bought more GBPUSD yesterday morning.

Let’s go trade!