Market Report Jan 28 2022

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Market Report for Jan 28 2022

S&P 500 and Nasdaq charts

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

Market YTD:
Dow Jones Industrial Average -6.0% YTD
S&P 500 -9.2% YTD
Russell 2000 -14.0% YTD
Nasdaq Composite -14.7% YTD

Market Volume:
NYSE Vol: 1.1 bln (Above)
Nasdaq Vol: 5.1 bln (Above)

Comments:
Another seesaw day on the markets. All of the indices started the session with over 1.5% gains but ended lower after having been higher for the first couple of hours. Nasdaq had the biggest loss of -1.40% and the biggest range of 3.33%. The S&P 500 tested the 200-day line but failed to break it and closed -0.54% lower on the day.

AAPL earnings came out after the bell and rose over 4% after beating analysts expectations.

So far we have had good earnings from the likes of MSFT, NFLX, TSLA and APPL. We have already added to MSFT but will consider adding to the others.

We remain cautious.

Let’s go trade!