Market Report Jul 01 2021

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Market Report for Jul 01 2021

First anticipate the move, then wait for the confirmation.

 

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

Market YTD:
Russell 2000 +17.0% YTD
S&P 500 +14.4% YTD
Dow Jones Industrial Average +12.7% YTD
Nasdaq Composite +12.5% YTD

Market Volume:
NYSE Vol: 1.1 bln (Above)
Nasdaq Vol: 5.2 bln (Above)

New Swing Positions:
None

Comments:
Wednesday saw Q2 end with a mixed close. This will be due to rebalancing of portfolios as the market prepares for the next quarter. Energy was the big winner fo the day.

Dow +0.61%
Nasdaq -0.17%
S&P 500 +0.13%

Our Growth stocks had a good month and overshadowed our Swing positions. There are more opportunities becoming available so wait for those set ups.

GBPUSD formed a Doji yesterday near support. An undercut of that and the June 2021 low and we could see price test DVI.

There were no Swing set up we could enter on Wednesday. Today may offer some opportunities.

Let’s go trade!