Market Report Jul 08 2021

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Market Report for Jul 08 2021

Beware the broker expenses.  A small leak will sink a ship.  Trade less and make more.

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

Market YTD:
S&P 500 +16.0% YTD
Russell 2000 +14.1% YTD
Nasdaq Composite +13.8% YTD
Dow Jones Industrial Average +13.3% YTD

Market Volume:
NYSE Vol: 887 mln (Below)
Nasdaq Vol: 4.5 bln (Below)

New Swing Positions:
BEN @31.90

Comments:
AMZN, AAPL, GOOG and MSFT all helped the market move on Wednesday. GOOG is the only one we do not own.

The S&P 500 and Nasdaq printed closing record highs again but Nasdaq by the slimmest of margins. The biggest sector gainer was Materials then Industrials and the worst was Energy. Tech landed in the middle.

Dow +0.30%
Nasdaq +0.01%
S&P 500 +0.34%

The 10 year fell yesterday.

10 Year Treasury Rate

GBPUSD seems to have lost any steam and looking more determined to search our support in the form on DVI and/or w50MA. Meanwhile, crypto is still consolidating.

Let’s go trade!