Market Report Mar 10 2021

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Market Report for Mar 10 2021

You don't have enough money so don't try and fight the market.  Markets can remain irrational longer than you can remain solvent.

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

Market YTD:
Russell 2000 +13.7% YTD
Dow Jones Industrial Average +4.0% YTD
S&P 500 +3.2% YTD
Nasdaq Composite +1.4% YTD

Market Volume:
NYSE Vol: 1.1 bln (A)
Nasdaq Vol: 6.2 bln (A)

New Swing Positions:

It has been a while since I last said the Nasdaq Composite had a bullish session but finally, a day of green for the index as tech rallied. In fact, the Nasdaq had its best day in four months, just after it went into correction territory and likely stopped out so many traders during that time.

TSLA jumped 20%, the biggest move up over the past year, pocketing Elon Musk some $25 bln for one day.

Big Earners

We have added to our Growth positions but have not taken any new Swing positions.

Our biggest Swing winner for the day was CLSK that bounced 32%, including post-market, followed by FCEL and DQ which were both 24%. LYV was the only trade in the red with a 2% decline.

From our Growth portfolio, SFM was the lone red stock and had an almost 3% decline.

As of 5am GMT, Futures are negative.

Let’s go trade!