Market Report May 25 2021

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Market Report for May 25 2021

Emotion drives price in the short term.

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

Market YTD:
Russell 2000 +12.8% YTD
Dow Jones Industrial Average +12.4% YTD
S&P 500 +11.7% YTD
Nasdaq Composite +6.0% YTD

Market Volume:
NYSE Vol: 789 mln (Below)
Nasdaq Vol: 3.5 bln (Below)

New Swing Positions:
None

Comments:
The Nasdaq Composite kicked the week off with the biggest gain, managing 1.4% while the S&P 500 and Dow Jones Industrial Average only gained 1% and 0.50% respectively.

Comms and Tech had the most interest while Utilities had the least interest and the sole red sector.

Our biggest gainer in stocks was SPCE once again. What a difference a test flight has made.

BTCUSD and ETHUSD both had double-figure moves up yesterday.

And GBPUSD formed a nothing Doji around the mini range of last week.  Looking for strength today, although it was not the extreme bar.

Let’s go trade!