Market Report Mar 25 2021

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Market Report for Mar 25 2021

The worse a situation becomes, the less it takes to turn it around, the greater the upside.

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

Market YTD:
Russell 2000 +8.1% YTD
Dow Jones Industrial Average +5.9% YTD
S&P 500 +3.5% YTD
Nasdaq Composite +0.6% YTD

Market Volume:
NYSE Vol: 1.0 bln(B)
Nasdaq Vol: 6.0 bln (A)

New Swing Positions:

The market closed lower across the board on Wednesday. There seems to be a lack of consistency in strength which continues to make this a stand aside period.

We have been refraining from taking too many trades since the start of the year compared to how we were buying after the COVID crash in 2020. The market has certainly lost momentum but has not changed direction.

Energy and Industrials were the leaders in yesterdays session.

We cannot force the market’s hand so we have to just wait and watch.

Let’s go trade!