Market Report Jan 05 2021

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Market Report for Jan 05 2021

Traders trying to perform all the time will face a barrier to perform over time.

Market Trend:
Up

Market YTD:
Dow Jones Industrial Average -1.3% YTD
Nasdaq Composite -1.5% YTD
Russell 2000 -1.5% YTD
S&P 500 -1.5% YTD

Market Volume:
NYSE Vol: 1.2 bln (A)
Nasdaq Vol: 6.4 bln (A)

New Positions:
None

 

Comments:
The first day of trading for 2021 and the major indices were down more than 2% on Monday. This is probably in part due to profit-taking and in part due to fear. Volume levels were high on NYSE and Nasdaq. Energy was the only sector that found some strength.

As was mentioned on the weekly MaR webinar, standing aside is our preferred option right now.

NIO was our biggest growth winner while CRWD was our biggest loser for the day.

 

DT SWING Jan 05 2021

Let’s go trade!