Market Report Nov 23 2021

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Market Report for Nov 23 2021

Sometimes we stare so long at a door that is closing that we see too late the one that is open.

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

Market YTD:
S&P 500 +24.7% YTD
Nasdaq Composite +23.0% YTD
Russell 2000 +23.0% YTD
Dow Jones Industrial Average +16.4% YTD

Market Volume:
NYSE Vol: 943 mln (Above)
Nasdaq Vol: 5.4 bln (Above)

New Swing Positions:
EURUSD Short

Comments:
An odd but partly expected kid of day. The Dow Jones Industrial Average was the only gainer at +0.05% while our other tracked indices ended the session negative. The Nasdaq Composite was the biggest loser at -1.26%. The 1945 data from the weekend was quite accurate.

PINS has now parted ways and no longer in our portfolio.

NET had a fairly large decline at 11% on Monday. We took a good profit from this trade on Friday.

And RBLX which we had been discussing is in need of a PB had almost an 11% decline yesterday.

Most of our management has occurred over the last three weeks. We can still manage our portfolio further if we need to but that will depend on how this short week progresses.

Let’s go trade!