Market Report for May 27 2021
S&P 500 = Up
Nasdaq Composite = Up
Russell 2000 +13.9% YTD
Dow Jones Industrial Average +12.1% YTD
S&P 500 +11.7% YTD
Nasdaq Composite +6.6% YTD
NYSE Vol: 934.7 mln (Below)
Nasdaq Vol: 4.2 bln (Below)
New Swing Positions:
It is testing, having to wait and stand aside but trading on the right side of a trend is important and waiting for the set ups even more so.
All three indices ended the day positive, although the second half of the session lacked continuation. Relative strength was mainly in the Consumer Discretionary and Energy sectors.
PTON (10.2%) and CLSK (12%) were our biggest gainers while PINS was our most lacklustre stock, falling 1.30%.
Both BTCUSD and ETHUSD struggled to clear this DVI and 50MA respectively and had a slightly weak day on Wednesday.
And GBPUSD is still trapped in the minor range.
We are off to have our second jab today so there might not be a MaR on Friday and I will have to confirm the webinar for Sunday in TRC.
Let’s go trade!