Market Report Nov 24 2021

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Market Report for Nov 24 2021

The bigger teh base, the higher in space.

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

Market YTD:
S&P 500 +24.9% YTD
Nasdaq Composite +22.4% YTD
Russell 2000 +17.9% YTD
Dow Jones Industrial Average +17.0% YTD

Market Volume:
NYSE Vol: 896 mln (Below)
Nasdaq Vol: 5.3 bln (Above)

New Swing Positions:
GBPUSD Short @1.3364

Comments:
Another day of what seems a rotation in the market. We have been amending our portfolio for about three weeks now and yesterday axed a few more stocks. We also bought more of ABNB.

The Dow Jones Industrial Average was the leader by +0.55% followed by S&P 500 at +0.17%. The Nasdaq Composite and Russell 2000 both closed in the red.

So, Monday and Tuesday have not really kept up with history, be it the last 20 years or from 1945. So what next?

Like I mentioned, we have been swinging the axe around quite a lot in recent weeks, removing what we do not want in preparation for what we do want.

If the last two days have been tree shaking, today we should start to see the market find some momentum to the upside. If we do not, we will need to need to call upon our axe but the shopping trolley is close by.

Let’s go trade!