Market Report Mar 03 2021

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Market Report for Mar 03 2021

Make your money on inactivity.

Market Trend:
Up

Market YTD:
Russell 2000 +13.0% YTD
Nasdaq Composite +3.7% YTD
S&P 500 +3.0% YTD
Dow Jones Industrial Average +2.6% YTD

Market Volume:
NYSE Vol: 1.2 bln (A)
Nasdaq Vol: 4.9 bln (A)

New Swing Positions:
None

Comments:
A bearish day from the start of the session with all sectors ending the day in the red, except Materials.

As we approach NFP, we can stand aside, wait and watch what transpires from this news event. Expect noise as we get near this news day.

FX is certainly an area that is trending. It has done very little for years but the last 18 months it has been showing more movement so watch for opportunities there. We are long GBPUSD and AUDUSD.

Let’s go trade!