Market Report Jan 26 2021

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Market Report for Jan 26 2021

You maybe disappointed if you fail but you will be doomed if you don't try.

Market Trend:
Up

Market YTD:
Russell 2000 +9.5% YTD
Nasdaq Composite +5.8% YTD
S&P 500 +2.6% YTD
Dow Jones Industrial Average +1.2% YTD

Market Volume:
NYSE Vol: 1.2 bln (A)
Nasdaq Vol: 7 bln (A)

New Swing Positions:
None

Comments:
Another record close for the Nasdaq Composite and also for the S&P 500. Mega-cap continues to clear the way and now, after weeks of waiting, we can see the weekend picture of tech, which was static, now finding some strength. Airline stocks fell again with BA dealing below the 50MA and just over $200.

Our best performer was BYND with a little under 14% up on the day while NOVA was almost 6% down.

Earnings are due for a number of our stocks so time for the brace-brace position.

Let’s go trade!