Market Report May 21 2021

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Market Report for May 21 2021

Easy come, easy go!

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

Market YTD:
Russell 2000 +11.8% YTD
Dow Jones Industrial Average +11.4% YTD
S&P 500 +10.7% YTD
Nasdaq Composite +5.0% YTD

Market Volume:
NYSE Vol: 857 nlm (Below)
Nasdaq Vol: 3.9 bln (Below)

New Swing Positions:
None

Comments:
A nice bullish day with Nasdaq Composite leading. Tech was the big winner while Energy the big loser.

BTCUSD closed just above DVI as did ETHUSD. We added to our ETHUSD position for the first time in years.

SPCE said they will be doing a test flight this week which gave price a boost but it will be the success of the test and progression it will provide that price is really awaiting.

GBPUSD found some strength yesterday but has been trapped in a minor consolidation for the last few days. Still, considering this is meant to be the worst month of the year for the currency pair, it has done well.

Let’s go trade!