Market Report for Jul 29 2021
S&P 500 = Up
Nasdaq Composite = Up
S&P 500 +17.2% YTD
Nasdaq Composite +14.5% YTD
Dow Jones Industrial Average +14.1% YTD
Russell 2000 +12.7% YTD
NYSE Vol: 875.6 mln (Below)
Nasdaq Vol: 4.2 bln (Below)
New Swing Positions:
As we all continue to endure silly season, we had a mixed market. The Nasdaq Composite and Nasdaq 100 were the only positive closing indices.
Energy and Comms were the leaders while Consumer Staples lagged.
The Fed made no policy changes which we the general consensus leading up to Wednesday.
Earnings after the bell for FB and PYPL saw both dealing in the red.
As per the weekend webinar, we continue to mainly stand aside.
Let’s go trade!