Market Report Jul 09 2021

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Market Report for Jul 09 2021

Set aside time to cycle, through charts.

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

Market YTD:
S&P 500 +15.0% YTD
Russell 2000 +13.0% YTD
Nasdaq Composite +13.0% YTD
Dow Jones Industrial Average +12.5% YTD

Market Volume:
NYSE Vol: 972.1 mln (Below)
Nasdaq Vol: 4.1 bln (Below)

New Swing Positions:
None

Comments:
A negative day with all indices ending in the red after some profit taking but the session closed off its lows for the indices and many stocks.

Dow -0.75%
Nasdaq -105.27
S&P 500 -37.31

All sectors ended in the red with Financials worst hit and Real Estate least negative.

SPCE was our biggest gainer with a 17.30% move up while NOVA was the biggest loser at -4.59%

AMZN printed a new ATH while AAPL is almost back to its ATH.

We will check this weekend to see what stops, if any, were hit on our Swing trades. GBPUSD was certainly exited as our stop was below Jul7 7 2021 low.

Nothing new on crypto.

Let’s go trade!