Market Report Jan 07 2022

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Market Report for Jan 07 2022

Check the conditions for compounding.

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

Market YTD:
Dow Jones Industrial Average -0.3% YTD
S&P 500 -1.5% YTD
Russell 2000 -1.7% YTD
Nasdaq Composite -3.6% YTD

Market Volume:
NYSE Vol: 912 mln (Below)
Nasdaq Vol: 4.7 bln (Below)

Comments:
On a prior NFP day we should not expect much in general but the reason was not just because of NFP. Stocks were under pressure as treasury yields continued to move up (1.723%) on Thursday.

The best performing sector was energy and materials was the worst. Our best performing stock was BYND.

A few more positions were axed yesterday as we await the jobs report today before making our next move.

So, now we can relax and enjoy the prekend.

Let’s go trade!