Market Report Mar 29 2022

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Market Report for Mar 29 2022

S&P 500 and Nasdaq

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

Stock Market %:
Stock Market %:
DJIA: 0.27%+
Nasdaq Composite: +1.31%
S&P 500: +0.71%
UK FTSE 100: -0.14%

Market Volume:
NYSE Vol: 857 mln (Below)
Nasdaq Vol: 5.0 bln (Below)

Yields:
2-yr: +5 bps to 2.34%
3-yr: +5 bps to 2.57%
5-yr: -1 bp to 2.57%
10-yr: -2 bps to 2.48%
30-yr: -3 bps to 2.57%

Comments:
As per the weekend webinar, we are still cautious but are more bullish on this market than in previous times this year. A bullish day on Monday saw the indices close near the highs of the session. Eight of the sectors closed positive. We added to our Nasdaq position from January.

TSLA was our biggest gainer with over 8% and the stock we discussed on Sunday was slightly behind with a 6.5% gain. We have not re-entered into NIO as yet.

While many are occupied with concerns of a recession, we can look to add to current positions and/or look for new ones but beware a reaction as the S&P 500 and Nasdaq Composite approach their resistance levels.

Let’s go trade!