Market Report for Mar 19 2021
S&P 500 = Up
Nasdaq Composite = Sideways
Russell 2000 +14.8% YTD
Dow Jones Industrial Average +7.4% YTD
S&P 500 +4.2% YTD
Nasdaq Composite +1.8% YTD
NYSE Vol: 1.1 bln (B)
Nasdaq Vol: 5.6 bln (A)
New Swing Positions:
The VIX is back just above 20 due to the selling pressure. Another spike in the 10-year yield and another bearish day on stocks across the board, not just growth stocks. However, the Nasdaq Composite is the only index dealing below the 50MA.
It was a stand aside day for us yesterday and it continues to be the same today. We are looking to buy in the market but now is not the right time.
FX is an area with paying more attention to, although the last trading session of the week so opportunities may not be the best. If we have trends, we will have more opportunities. Our CADJPY position unfortunately closed out at entry overnight.
Futures at 5.30am GMT are flat.
Let’s go trade!