Market Report for Mar 31 2021
S&P 500 = Up
Nasdaq Composite = Sideways
Russell 2000 +11.2% YTD
Dow Jones Industrial Average +8.0% YTD
S&P 500 +5.4% YTD
Nasdaq Composite +1.2% YTD
NYSE Vol: 883 mln (B)
Nasdaq Vol: 4.6 bln (B)
New Swing Positions:
The second half of the session was certainly more bullish than the first. Russell 2000 bounced back on Tuesday after weakness seen at the start of the week. However, the other 3 main indices had a bearish day.
That being said, many of our stocks both in Growth and Swing had a positive day with NOVA and DQ being the biggest gainers and both enjoying 14% close. In fact, PINS was the only negative stock in Swing.
TSLA did a u-turn after having been down over 3% on the day and closed almost 4% up.
We may look to buy some stocks during this week.
EURJPY has been gaining some strength but GBPUSD is having difficulty maintaining bullish momentum but has the support of w50MA close by now.
BTCUSD is about 5% from its ATH.
Let’s go trade!