Market Report for May 04 2021
S&P 500 = Up
Nasdaq Composite = Up
Russell 2000 +15.3% YTD
S&P 500 +11.6% YTD
Dow Jones Industrial Average +11.5% YTD
Nasdaq Composite +7.8% YTD
NYSE Vol: 885 mln (Below)
Nasdaq Vol: 4.6 bln (Below)
New Swing Positions:
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!