Market Report May 04 2021

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Market Report for May 04 2021

The desire to perform consistently is usually the reason for the casualty.

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

Market YTD:
Russell 2000 +15.3% YTD
S&P 500 +11.6% YTD
Dow Jones Industrial Average +11.5% YTD
Nasdaq Composite +7.8% YTD

Market Volume:
NYSE Vol: 885 mln (Below)
Nasdaq Vol: 4.6 bln (Below)

New Swing Positions:
None

Comments:
Relative weakness on growth stocks on Monday saw the Nasdaq Composite close lower while the Dow Jones Industrial Average and S&P 500 had a bullish day.

No new purchases as we wait for the bulk of earnings to pass and new low-risk opportunities to arrive. At present, there are very few to choose from.

ETHUSD made a new high while BTCUSD struggles a little at 50MA.

GBPUSD is consolidating at the 50MA and no additional positions have been applied.

Let’s go trade!