Market Report Jan 11 2022

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Market Report for Jan 11 2022

Nasdaq Composite chart

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

Market YTD:
Dow Jones Industrial Average -0.7% YTD
S&P 500 -2.0% YTD
Russell 2000 -3.3% YTD
Nasdaq Composite -4.5% YTD

Market Volume:
NYSE Vol: 1 bln (Above)
Nasdaq Vol: 5.2 bln (Above)

New Swing Positions:
NET @101.50

Comments:
A fairly volatile looking session which at one stage so the Nasdaq Composite down 2.7% but then went on on and managed to recover closing the session out at +0.05% after finding support at DVI and w50MA. The S&P 500 and Dow Jones Industrial Average both closed negative.

The 10-yr yield hit 1.81% intraday before ending the session at 1.77%. The market is very much focussing on this and will also be listening carefully when Fed Chair Powell testifies today.

We were closed out of a couple more positions like RIOT, RKT and ZM and filled into NET which is a compound.

Let’s go trade!