Market Report for Jul 20 2021
S&P 500 = Up
Nasdaq Composite = Up
S&P 500 +13.4% YTD
Dow Jones Industrial Average +11.0% YTD
Nasdaq Composite +10.8% YTD
Russell 2000 +7.9% YTD
NYSE Vol: 1.1 bln (Above)
Nasdaq Vol: 4.4 bln (Below)
New Swing Positions:
A sharp decline across as the markets retreated on Monday with concerns of growth and the delta variant. Looking at the NYSE volume levels, it is not too dissimilar to usual levels so we can assume most activity that took place during the session was selling and little in the way of buying.
We can also see Nasdaq volume is around normal levels and the percent change was half that of the Dow.
Seems most of the activity was concentrated in NYSE and less so on Nasdaq.
About 68% of our stocks were bullish during the market sell-off on Monday. SPCE and PTON were our biggest gainers reaching over 7%.
We have our axe ready to take a swing at some Swing trades this week. We will also be looking at buying if opportunities are available.
Let’s go trade!