Market Report for Jul 21 2021
S&P 500 = Up
Nasdaq Composite = Up
S&P 500 +15.1% YTD
Dow Jones Industrial Average +12.8% YTD
Nasdaq Composite +12.5% YTD
Russell 2000 +11.1% YTD
NYSE Vol: 1.1 bln (Above)
Nasdaq Vol: 4.5 bln (Above)
New Swing Positions:
A bullish day across the board with the major averages all gaining over 1.5% for Tuesday’s session. Volume just pipped the average line and we can assume most of that was from buying. All the sectors were also bullish with Industrials leading while Tech and Energy were 5th and 6th.
Only 6 stocks across our portfolios were slightly negative while all others built on the continued bullishness from the prior day.
NFLX had their earnings and missed by $0.19 but revenue came in slightly higher.
The axe was not swung around but we also did not buy any new positions, although are looking for opportunities. We would be more involved with buying in our portfolio if it was not as broad as it currently is. As a result, we can take our time and be very picky.
BTCUSD dipped slightly below 30,000 and no doubt taking out plenty of positions.
Look to buy small positions when set-ups are there during market pullbacks.
Let’s go trade!