Market Report for Nov 05 2021

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

Market YTD:
S&P 500 +24.6% YTD
Nasdaq Composite +23.7% YTD
Russell 2000 +21.7% YTD
Dow Jones Industrial Average +18.0% YTD

Market Volume:
NYSE Vol: 905 mln (Above)
Nasdaq Vol: 5.2 bln (Above)

New Swing Positions:
None

Comments:
The Dow Jones Industrial Average and Russel 2000 were the two lagging indices yesterday. Nasdaq enjoyed a very bullish day.

This is what happened after the close.

• BL beats by $0.13, beats on revs.
• DDOG beats by $0.07, beats on revs.
• UBER misses by $0.98, beats on revs.
• SQ reports EPS in-line, misses on revs.
• PTON misses by $0.11, reports revs in-line.
• LYV beats by $0.25, beats on revs.
• SFM beats by $0.16, misses on revs.
• DBX beats by $0.02, reports revs in-line.
• NET beats by $0.04, beats on revs.
• ABNB beats by $0.52, beats on revs.
• PINS beats by $0.05, reports revs in-line.
• PGNY beats by $0.11, misses on revs.
• RKT beats by $0.09, beats on revs.

The axe is out. We exited CHGG and are managing some other long-term positions.

NFP today so enjoy the long weekend.

Let’s go trade!