Market Report Jun 29 2021

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Market Report for Jun 29 2021

Markets can remain irrational a lot longer then you and I can remain solvent.

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

Market YTD:
Russell 2000 +17.6% YTD
S&P 500 +14.2% YTD
Nasdaq Composite +12.5% YTD
Dow Jones Industrial Average +12.0% YTD

Market Volume:
NYSE Vol: 920 mln (Below)
Nasdaq Vol: 4.2 bln (Below)

New Swing Positions:
PGNY @60.73

First trading day of the week and the S&P 500 and Nasdaq Composite printing new record highs helped with Comms and Tech leading the momentum up. Energy was the worst performer. Growth stocks outperformed as the 10-year fell to 1.47%.

Dow -0.44%
Nasdaq +0.98%
S&P 500 +0.23%

No major change for crypto while GBPUSD tried to have a bullish start to the week but could only manage +0.04% after having been +0.50% at the highs of the day.

The Swing fund is now just only -1.4% while Growth is +7.69% and catching up with the benchmark.

Let’s go trade!