Market Report Jun 10 2021

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Market Report for Jun 10 2021

Trade what you see, not what you think. You can think your way into or out of any trade.

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

Market YTD:
Russell 2000 +17.8% YTD
Dow Jones Industrial Average +12.6% YTD
S&P 500 +12.3% YTD
Nasdaq Composite +7.9% YTD

Market Volume:
NYSE Vol: 941 mln (Below)
Nasdaq Vol: 5.6 bln (Above)

New Swing Positions:
None

Comments:
The S&P 500 came to within 1 point of its ATH of May 7 2021 within the first few minutes before slipping into an overall tight ranged session.

Dow -0.44%
Nasdaq -0.09%
SP 500 -0.18%

As David Aranda said yesterday, ‘opportunities are appearing left and right.’ Red days may offer new buying opportunities.

FB and AAPL have been throwing punches at each other in recent times and now FB are expected to introduce a smartwatch with two cameras and a heartrate monitor next summer. Seems like this is another punch and intended to be direct competition to AAPL watch, which is still currently the best selling watch globally.

BTCUSD and ETHUSD both had a bullish day while had a bearish day.

Let’s go trade!