Market Report Jan 21 2021

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Market Report for Jan 21 2021

Money is made with patience, not trading.

Market Trend:
Up

Market YTD:
Russell 2000 +9.4% YTD
Nasdaq Composite +4.4% YTD
S&P 500 +2.6% YTD
Dow Jones Industrial Average +1.9% YTD

Market Volume:
NYSE Vol: 992 mln (B)
Nasdaq Vol: 6.7 bln (A)

New Swing Positions:
LYV @76.20

Comments:
Wednesday was Joe Biden’s inauguration day and also the biggest rise on the markets in over 36 years.

Each on the indices closed at record highs as mega-caps continue to force the market up after shares in NFLX climbed 17%.

LYV buy stop order unfortunately just got hit before declining for the rest of the day.

Over the last 10 President’s, Clinton is way out ahead for stock market performance during the term in office.

President terms in office Jan 21 2021

While our positions continue to do well, we have not bought into the market as the low-risk opportunities are scarce at present. However, we continue to search for low-risk set ups. Our Swing fund is over 7% while our Growth fund is over 11%.

Let’s go trade!