Market Report for Jul 23 2021
S&P 500 = Up
Nasdaq Composite = Up
S&P 500 +16.3% YTD
Nasdaq Composite +13.9% YTD
Dow Jones Industrial Average +13.8% YTD
Russell 2000 +11.4% YTD
NYSE Vol: 742.3 mln (Below)
Nasdaq Vol: 3.5 bln (Below)
New Swing Positions:
Another bullish day on the markets but volume levels are low. This might be due to investors awaiting their earnings but something we should keep an eye on. We want to see a bullish day with good volume for confidence bulls are in play near term.
Finally, the CRM and WORK deal has gone through and we no longer have WORK shares but now have CRM shares and a cash payout from the deal.
CROX was our biggest gainer at almost 10% followed by BMBL at just over 7%.
GBPUSD found some strength over the last two days. No major change on BTCUSD or ETHUSD.
On our watchlist we still have HYRE to possibly buy.
Please join me on this weeks webinar on Sunday at 10am BST.
Let’s go trade!