Market Report for Mar 11 2021
S&P 500 = Up
Nasdaq Composite = Sideways
Russell 2000 +15.7% YTD
Dow Jones Industrial Average +5.5% YTD
S&P 500 +3.8% YTD
Nasdaq Composite +1.4% YTD
NYSE Vol: 1.2 bln (A)
Nasdaq Vol: 5.9 bln (A)
New Swing Positions:
The Dow Jones Industrial Average and S&P 500 advanced on Wednesday but Nasdaq Composite ended the session flat.
For the first time ever, the Dow Jones Industrial Average closed above 32000. The stock that aided this move the most since the index was at 31000 is GS which is currently enjoying its own ATH.
The Nasdaq Composite, on the other hand, is currently struggling with its 50MA so is deemed as sideways until price manages to get back above that line.
BTCUSD is almost back to its ATH level while ETHUSD looks like it might be forming a C&H.
GBPUSD has had a couple of bullish days and the same so far this morning. Currently contending with its 20MA.
And Futures as of 5am GMT are all bullish.
Let’s go trade!