Market Report for Jan 14 2021

Market Trend:
Up

Market YTD:
Russell 2000 +6.9% YTD
Nasdaq Composite +1.9% YTD
Dow Jones Industrial Average +1.5% YTD
S&P 500 +1.4% YTD

Market Volume:
NYSE Vol: 944 mln (B)
Nasdaq Vol: 6.96 bln (A)

New Swing Positions:
None

Comments:
Overall the market finished Wednesday on a slightly higher note with the Dow Jones Industrial Average lagging but closing almost flat.

INTC CEO is being replaced by the VMW CEO which subsequently saw price spike by almost 7% and break above it’s DVI.

Although volatility has not increased, the noise has. The last 3-4 days we have been trading in a narrow range so a lack of momentum and follow-through. We discussed this on the weekend webinar and is partly why we have been standing aside.

Earnings for FRC BMO today.

Let’s go trade!