Market Report Jun 15 2021

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Market Report for Jun 15 2021

Trading is partly science. If you have rules, you get results.

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

Market YTD:
Russell 2000 +17.8% YTD
S&P 500 +13.3% YTD
Dow Jones Industrial Average +12.4% YTD
Nasdaq Composite +10.0% YTD

Market Volume:
NYSE Vol: 885.1 mln (Below)
Nasdaq Vol: 4.3 bln (Below)

New Swing Positions:
None

Comments:
Large-cap technology and growth stocks outperformed value and cyclical stocks on Monday’s session.

Dow:       -0.25%
Nasdaq: +0.74%
SP 500:  +0.18%

This potential return of strength has been discussed numerous times over the past few weeks during the weekly webinars.

We have the FOMC statement due out on Wednesday as the market prepares for that which means we will wait until after the event to assess the majority of the market opportunities.

BTCUSD and ETHUSD saw bullishness yesterday with the original crypto getting back above 40,000.

GBPUSD reached the lower end of the consolidation yesterday and formed a Doji so we may see GBP strength today.

Let’s go trade!