Market Report for Jan 13 2022
S&P 500 = Up
Nasdaq Composite = Mixed
Dow Jones Industrial Average -0.1% YTD
S&P 500 -0.8% YTD
Nasdaq Composite -2.9% YTD
Russell 2000 -3.1% YTD
NYSE Vol: 854 mln (Below)
Nasdaq Vol: 4.3 bln (Below)
Based on volume levels, we see a lack of conviction during Wednesdays session although all the indices we follow closed positive. All sectors excluding Financials and Healthcare closed positive as well.
So we had a follow-through but it lacked belief it seems. Still, it is something for the market to build upon. It did not offer us any buying opportunities though.
CROX, NIO and DQ were our big gainers with +6.84%, +5.53% and +5.40% respectively.
We are still applying slight caution to this market.
Let’s go trade!