Market Report Jan 25 2022

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Market Report for Jan 25 2022

S&P 500 and Nasdaq

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

Market YTD:
Dow Jones Industrial Average -5.4% YTD
S&P 500 -7.5% YTD
Russell 2000 -9.4% YTD
Nasdaq Composite -11.4% YTD

Market Volume:
NYSE Vol: 1.5 bln
Nasdaq Vol: 6.9 bln

Big volume on Monday which was mainly due to first the sellers taking over the market then the buyers all over it.

These were the swings:
Dow Jones Industrial Average 1,300
S&P 500 195
Nasdaq Composite 782

Big moves yesterday which was a change of recent character of selling into the close. This was big buying into the close.  In anticipation of such a move and as mentioned on the weekend weinar, we bought into Nasdaq 100 on Friday which we will add to should price continue moving up from now having reached correction territory. The fact we have finally reached a correction across the main indices is important for us and we have been wanting and waiting for this ever since the tree shaking began.

However, let’s not get ahead of ourselves. We are still needing the other points we discussed to play out and the Fed will have a big role in this.

We exited a few positions yesterday and entered into MSFT once again.

Let’s go trade!