Market Report Jul 07 2021

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Market Report for Jul 07 2021

Without commitment, there are only promises and hopes...but no plans for success.

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

Market YTD:
S&P 500 +15.6% YTD
Russell 2000 +15.2% YTD
Nasdaq Composite +13.8% YTD
Dow Jones Industrial Average +13.0% YTD

Market Volume:
NYSE Vol: 1.0 bln (Below)
Nasdaq Vol: 4.4 bln (Below)

New Swing Positions:
None

Comments:
The Nasdaq Composite was the only index to finish bullish on the Tuesday, the first trading day of the week. The concern is the Doji that closed the day after setting an intraday and record closing high.

The S&P 500 managed to open at an ATH but could not sustain any momentum as the Dow Jones Industrial Average was the laggard but managed to close off its lows which was in proximity to the 50MA.

Dow -0.60%
Nasdaq +0.17%
S&P 500 -0.20%

We still have a position on GBPUSD as it has just managed not to stop out @1.3771 but may well do so as the low fo today so far was just 6 pips higher.

No change on crypto.

Let’s go trade!