Market Report Mar 04 2022

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Market Report for Mar 04 2022

S&P 500 and Nasdaq

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

Stock Market %:
DJIA: -0.29
Nasdaq Composite: -1.56
S&P 500: -0.53
UK FTSE 100: -2.57

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

Yields:
2-yr: +2 bps to 1.54%
3-yr: +1 bp to 1.68%
5-yr: -2 bps to 1.74%
10-yr: -2 bps to 1.84%
30-yr: -1 bp to 2.23%

Comments:
So the ‘weird week’ is coming to a close.

Once again, price could not manage to break and close above the resistance levels for S&P 500 and Nasdaq Composite.

Heavier than usual volume and a weak market as traders prepared for the employment figures today. The Defensive sectors were the only ones exhibiting the slightest showing of strength, part of our reasoning as to why we entered a Swing trade into Healthcare recently.

All Swing trades were positive for Thursday’s session and also LLY, just about.

Have a good prekend.

Let’s go trade!