Market Report for May 19 2021
S&P 500 = Up
Nasdaq Composite = Sideways
Russell 2000 +12.0% YTD
Dow Jones Industrial Average +11.3% YTD
S&P 500 +9.9% YTD
Nasdaq Composite +3.2% YTD
NYSE Vol: 927 mln (Below)
Nasdaq Vol: 4.2 bln (Below)
New Swing Positions:
A bearish end to Tuesday’s session with energy leading the decline. Nasdaq Composite lost 0.56% while the Dow Jones Industrial Average and S&P 500 both lost 0.78% and 0.85% respectively.
Attempting to trade choppy markets is unwise which is why we have not taken any new swing trades but will amend our portfolio and look to buy new positions when the market allows for this with low risk.
Longer-term trades are still available but we have not needed to buy any new positions until the real growth stocks begin to present themselves. Again, we can amend this portfolio once we move back into a trend and can identify the leaders and laggards.
BTCUSD and ETHUSD both found weakness and as mentioned before, look like meeting up with the DVI.
We added to our GBPUSD position yesterday.
Looks like another day on the sidelines.
Let’s go trade!