Market Report Jan 07 2021

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Market Report for Jan 07 2021

Don't underestimate the long term edge.

Market Trend:
Up

Market YTD:
Russell 2000 +4.2% YTD
Dow Jones Industrial Average +0.7% YTDS&P 500 -0.2% YTD
Nasdaq Composite -1.1% YT

Market Volume:
NYSE Vol: 1.4 bln (A)
Nasdaq Vol: 7.5 bln (A)

New Positions:
None

Comments:
The Dow Jones Industrial Average and Russell 2000 close at record highs on Wednesday. The S&P 500 had a bullish day but the Nasdaq Composite closed in the red after turning positive from a negative start.

BTCUSD is dealing over $37,000 and ETHUSD is just over $1200. A fairly nothing day on GBPUSD that closed almost where it opened, although EURUSD did find a little strength.

We have intentionally not been trading this week and with NFP due tomorrow, we can start our long weekend.

Happy prekend.

Let’s go trade!