Market Report Jan 22 2021

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Market Report for Jan 22 2021

Learn to live with market fluctuations.

Market Trend:
Up

Market YTD:
Russell 2000 +8.4% YTD
Nasdaq Composite +5.0% YTD
S&P 500 +2.6% YTD
Dow Jones Industrial Average +1.9% YTD

Market Volume:
NYSE Vol: 890.2 mln (B)
Nasdaq Vol: 7.1 bln (A)

New Swing Positions:
None

Comments:
The S&P 500 and Nasdaq Composite close at record highs. Looking at the volume levels, there is certainly interest in Nasdaq stocks as tech led the sectors while energy lagged.

While we continue to watch the market, we are quite well invested so there is no need to rush for new opportunities, unless they are low risk and offer a degree of high probability.

Last trading day of the week and futures are down as on 6am.

Let’s go trade!