Market Report Jan 19 2022

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Market Report for Jan 19 2022

S&P 500 and Nasdaq charts

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

Market YTD:
Dow Jones Industrial Average -2.7% YTD
S&P 500 -4.0% YTD
Russell 2000 -6.6% YTD
Nasdaq Composite -7.3% YTD

Market Volume:
NYSE Vol: 1.0 bln (Above)
Nasdaq Vol: 5.0 bln (Above)

We all know by now there is a good likelihood of a few interest rate hikes but it seems this might be news to others as the market was under pressure yesterday. The 10-year mingles with 1.88% premarket on the first trading session of the week and saw all the major indices fight a losing battle all day Tuesday.

Again, we have positioned ourselves to deal with this more effectively for the past few months and so can sit back and watch how this market unfolds while many traders will be panicking during this increased volatile period.

GS also did not help the market s it is a big player in financials and was down -7% after a miss on earnings estimates.

MSFT announced their acquisition of ATVI for almost $70 bln which of course ATVI jump up 26% on the day.  MSFT still looks to be drifting towards the 200-day line. It is a position we have held for almost 2 years and one of our least volatile trades at present. The most volatile is SPCE which is still being pulled down by gravity.

Today should be another interesting session.

Let’s go trade!