Market Report Jun 18 2021

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Market Report for Jun 18 2021

Key levels can offer good entry and exit points.

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

Market YTD:
Russell 2000 +15.8% YTD
S&P 500 +12.4% YTD
Dow Jones Industrial Average +10.5% YTD
Nasdaq Composite +9.9% YTD

Market Volume:
NYSE Vol: 1.2 bln (Above)
Nasdaq Vol: 4.5 bln (Below)

New Swing Positions:

A nice bullish day for the Nasdaq Composite but not so much for the other two indices. Tech was the biggest gainer and Energy found the most weakness for Thursdays session.

Dow -0.62%
Nasdaq -0.04%
S&P 500 +0.87%

As mainly Growth stocks rallied and Value stocks fell, our Growth portfolio has performed well but Swing still lagging. Swing set ups are few and far between but this may well start to change if Growth continues on its trajectory, which we have been discussing for the past month on the webinars.

BTCUSD and ETHUSD are both still doing very little and remain trapped in their consolidation while GBPUSD found weakness yesterday as a result of DXY strength which did manage to get above its DVI but is right at the w50MA.

Last trading day of the week and we generally tend not to look for new opportunities today but given that there have been few so far, we will continue looking for set ups.

Have a good weekend.

Let’s go trade!