Market Report Jun 08 2021

  • Post author:

Market Report for Jun 08 2021

Investment is most intelligent when performed like a business.

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

Market YTD:
Russell 2000 +17.4% YTD
Dow Jones Industrial Average +13.2% YTD
S&P 500 +12.5% YTD
Nasdaq Composite +7.7% YTD

Market Volume:
NYSE Vol: 887 nln (Below)
Nasdaq Vol: 4.56 bln (Below)

New Swing Positions:
None

Comments:
A mixed day on the markets.

Dow Jones Industrial Average -0.36%
S&P 500 -0.08%
Nasdaq Composite +0.49%

BNGO was our biggest gainer which came in at over 22% followed by FCEL at over 15% then SPCE and LLY at over 10%. LLY also closed at a new ATH exactly 13 months after entry.

We have spoken about the market beginning to find momentum for a few weeks now and have been adding to positions but we will also look at new positions and axe old ones if it is needed.

BTCUSD and ETHUSD both had a bearish day.

And GBPUSD had a slightly bullish day but trapped in that consolidation zone below resistance. Our positions continue to run while moving in and out of profit.

Let’s go trade!