Market Report Jul 27 2021

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Market Report for Jul 27 2021

Fish where the fish are.

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

Market YTD:
S&P 500 +17.7% YTD
Nasdaq Composite +15.2% YTD
Dow Jones Industrial Average +14.8% YTD
Russell 2000 +12.3% YTD

Market Volume:
NYSE Vol: 870 mln (Below)
Nasdaq Vol: 4.3 bln (Below)

New Swing Positions:
None

Comments:
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!