Market Report Jan 20 2022

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Market Report for Jan 20 2022

S&P 500 and Nasdaq Composite daily chart

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

Market YTD:
Dow Jones Industrial Average -3.6% YTD
S&P 500 -4.9% YTD
Russell 2000 -8.1% YTD
Nasdaq Composite -8.3% YTD

Market Volume:
NYSE Vol: 942 mln (Below)
Nasdaq Vol: 4.6 bln (Below)

Comments:
Volume was not excessive but we did have a bearish Wednesday after a positive Futures. Seemed like there was some selling into strength as the market closed at session lows.

Still standing aside for the most part but also watching this momentum which is mainly that of bearishness. However, the market is not that weak looking and is approaching the percentage levels we discussed some webinars back.

Let’s go trade!