Market Report Jan 04 2022

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Market Report for Jan 04 2022

To succeed, be prepared to accept losses, unexpected occurrences and other set backs.

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

Market YTD:
Nasdaq Composite +1.2% YTD
Russell 2000 +1.2% YTD
Dow Jones Industrial Average +0.7% YTD
S&P 500 +0.6% YTD

Market Volume:
NYSE Vol: 845 mln (Below)
Nasdaq Vol: 4.3 bln (Below)

New Swing Positions:
None

Comments:
The first trading session of the new year has taken our portfolio up to 6% as we saw much better volume in the market as we get back to more normal levels after the holiday period. A new record close for the S&P 500 and Dow Jones Industrial Average on Monday.

A bullish day across the major averages but only 5 sectors managed to find strength.

AAPL hits $3 tln market cap exactly 45 years after the company was incorporated. And TSLA increased 13.5% on the back of record Q4 2021 deliveries.

We managed a few trades yesterday, including HIMX and SHLS, and will be managing more as we progress through the month.

Let’s go trade!