Market Report Jan 06 2021

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Market Report for Jan 06 2021

Brokers make their money on activity.  We make our money on inactivity.

Market Trend:
Up

Market YTD:
Russell 2000 +0.2% YTD
Nasdaq Composite -0.5% YTD
Dow Jones Industrial Average -0.7% YTD
S&P 500 -0.8% YTD

Market Volume:
NYSE Vol: 995 mln (B)
Nasdaq Vol: 6.7 mln (A)

New Positions:
None

Comments:
A bullish day on the markets. Energy stocks and small-caps (RUT chart below) were the biggest winners. Notably, RUT ended with a Doji at the BuF base but closed just below the RN.

The S&P Dow Jones Indices will no longer be delisting the Chinese telecom shares.

Overnight the Futures fell as the U.S. await the Georgia runoff results.

We are still standing aside and now will probably wait until after NFP before properly entering into this market.

RUSSELL 2000 Jan 06 2021

Let’s go trade!