Market Report May 26 2021

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Market Report for May 26 2021

Herd mentaility for the average trader  may provide comfort but does not have an edge.

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

Market YTD:
Dow Jones Industrial Average +12.1% YTD
Russell 2000 +11.7% YTD
S&P 500 +11.5% YTD
Nasdaq Composite +6.0% YTD

Market Volume:
NYSE Vol: 895 mln (Below)
Nasdaq Vol: 4.0 bln (Below)

New Swing Positions:

A nothing much of a session on Tuesday.

The uncertain session saw Dow Jones Industrial Average end 0.24% lower, S&P 500 -0.21% and Nasdaq Composite just -0.03% lower. Nasdaq 100 was the only gainer.

Consumer Discretionary was the leader and Energy was the laggard.

FB is close to breaking out of the April highs.

BTCUSD is still testing the DVI and ETHUSD still testing the 50MA.

And GBPUSD is still in the mini range. We want to add to this but for now, there is not much we can do.

Still not swing trading season.

Let’s go trade!