Market Report Mar 02 2021

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Market Report for Mar 02 2021

Most traders fail because they have trouble dealing with just 5% drawdowns.

Market Trend:

Market YTD:
Russell 2000 +15.2% YTD
Nasdaq Composite +5.4% YTD
S&P 500 +3.9% YTD
Dow Jones Industrial Average +3.0% YTD

Market Volume:
NYSE Vol: 1.1 bln (A)
Nasdaq Vol: 5.0 bln (A)

New Swing Positions:

A very positive day on the markets to start the week off contributed by all the sectors. The VIX also dropped by 16% to 23.35.

We did not take any new positions on stocks but have entered long positions on AUDUSD and GBPUSD. It may well be another stand aside day for us and maybe even the week, depending on how today unfolds.

Don’t force the trade, let price come to you.

As of 5am GMT, Futures are negative.

Let’s go trade!