Market Report for Jul 27 2021
S&P 500 = Up
Nasdaq Composite = Up
S&P 500 +17.7% YTD
Nasdaq Composite +15.2% YTD
Dow Jones Industrial Average +14.8% YTD
Russell 2000 +12.3% YTD
NYSE Vol: 870 mln (Below)
Nasdaq Vol: 4.3 bln (Below)
New Swing Positions:
Once again, there is a lack of volume on the markets. As previously mentioned, this could be due to a buy earnings period or perhaps due to a lack of conviction in this market.
Energy was the biggest gainer and Health Care followed by Tech were the big losers.
TSLA had their earnings release which was a beat overall and share price saw a slight move up after hours.
Rumours of AMZN accepting BTC were being mentioned after a report from City A.M. which the company refuted.
BTCUSD (bouncing off w50MA) and ETHUSD (bouncing off DVI and 50MA) had a fairly positive day.
GBPUSD continued to gain strength with a half percent increase. Our new position is in profit and now has a stop at entry.
Let’s go trade!