Market Report Jun 04 2021

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Market Report for Jun 04 2021

Sometimes buying early on the way down looks wrong, but turns out right.

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

Market YTD:
Russell 2000 +15.4% YTD
Dow Jones Industrial Average +13.0% YTD
S&P 500 +11.6% YTD
Nasdaq Composite +5.6% YTD

Market Volume:
NYSE Vol: 1.05 bln (Above)
Nasdaq Vol: 5.32 bln (Above)

New Swing Positions:
None

Comments:
The final trading session of the week and as it is NFP, time to sit back and relax.

Yesterday was a bearish day as so often will happen pre NFP. All the major averages saw red from the start, although managing to turn positive during the session, failed to remind that way.

The Dollar rebounded strongly from the area mentioned over the last couple of weekly MaRs.

Still not much happening with BTCUSD and ETHUSD.

Enjoy the long weekend.

Let’s go trade!