Market Report for Jun 23 2021
S&P 500 = Up
Nasdaq Composite = Up
Russell 2000 +16.3% YTD
S&P 500 +13.1% YTD
Dow Jones Industrial Average +10.9% YTD
Nasdaq Composite +10.6% YTD
NYSE Vol: 920 mln (Below)
Nasdaq Vol: 4.3 bln (Below)
New Swing Positions:
Nasdaq Composite finally prints a new ATH some 1.8 months after the last one and 4.1 months since that high that then saw price move into consolidation back in mid February. The index was the outperformer. Growth stocks also saw some good strength.
S&P 500 0.51%
On a weekly webinar we discussed the support levels of ETHUSD and BTCUSD and yesterday price tagged them.
We bought some ETHUSD back in May 2021 for the first time since our original spending spree on crypto. Yesterday price settled with a Doji at the DVI so we are back to where we started with the new position but now a bounce might be the next move.
BTCUSD also has an indecision candle but at the w50MA so again, a bounce might be likely.
GBPUSD also had a fairly bullish day which Gold looks like there maybe a hint of a BrF. A breach of support would confirm that but at present price is above the pivot low.
If you have kept up to date with all the weekly webinars, you will know we have discussed the potential move up of Growth stocks over the last month. This weekend we saw Tech take over.
While our Swing fund is still running negative, Growth is above the waterline once again.
Let’s go trade!