Market Report Jun 30 2021

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Market Report for Jun 30 2021

You miss 100% of the trades you dont take.

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

Market YTD:
Russell 2000 +16.9% YTD
S&P 500 +14.3% YTD
Nasdaq Composite +12.7% YTD
Dow Jones Industrial Average +12.0% YTD

Market Volume:
NYSE Vol: 804.2 mln (Below)
Nasdaq Vol: 4.7 bln (Below)

New Swing Positions:
ELY @33.65

The S&P 500 and Nasdaq Composite set a new high on Tuesday’s session while the Dow Jones Industrial Average sat it out at the 50MA again.

Dow +0.03%
Nasdaq +0.19%
S&P 500 +0.03%

The early gains in Value stocks quickly faded while Tech led the way. This might be due to rebalancing for month end or a change in sentiment towards growth. Either way, you got to be in it to win it. Those standing aside in recent weeks will have missed the opportunities before they started to become a little more obvious. More opportunities will likely be on offer but with tree shaking as we are in a sensible driver mode so expect stop starts.

No change on BTCUSD and ETHUSD worth mentioning and GBPUSD is still just dealing above that support from May 03 2021.

Let’s go trade!