Market Report Jan 05 2022

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Market Report for Jan 05 2022

Remember, the stock market is a manic depressive.

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

Market YTD:
Dow Jones Industrial Average +1.3% YTD
Russell 2000 +1.1% YTD
S&P 500 +0.6% YTD
Nasdaq Composite -0.1% YTD

Market Volume:
NYSE Vol: 950 mln (Below)
Nasdaq Vol: 5.0 bln (Below)

New Swing Positions:

The Dow Jones Industrial Average sets a new record close as concerns of long-term rising rates takes its toll on Growth stocks. The three other indices end the session negative. Volume levels were just below the average.

Energy and Financials were the best performers while Tech and Healthcare were the worst.

The market closed out ABNB, AI, ALGN and PTON. We entered into HIMX. We have other stocks on our list we will also be exiting but they have escaped the axe for now.

Let’s go trade!