Market Report Jun 22 2021

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Market Report for Jun 22 2021

There are no short cuts to any place worth going. A lesson every trader will learn.

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

Market YTD:
Russell 2000 +15.8% YTD
S&P 500 +12.5% YTD
Dow Jones Industrial Average +10.7% YTD
Nasdaq Composite +9.7% YTD

Market Volume:
NYSE Vol: 1.0 bln (Above)
Nasdaq Vol: 4.4 bln (Below)

New Swing Positions:

The market rebounds in a broad-based rally allowing S&P 500 to close back above its 50MA. Energy was the big gainer in Mondays session.

Dow +1.76%
Nasdaq +0.79%
S&P 500 +1.4%

BTCUSD and ETHUSD still trapped in the range with enduring a red day but the Ethereum has now reached its 50MA allowing for a new position.

GBPUSD had a green day.

Let’s go trade!