Market Report Sep 02 2021

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Market Report for Sep 02 2021

September is often a good month to pick up good stocks at better prices.

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

Market YTD:
S&P 500 +20.5% YTD
Nasdaq Composite +18.8% YTD
Russell 2000 +15.8% YTD
Dow Jones Industrial Average +15.4% YTD

Market Volume:
NYSE Vol: 831 mln (Below)
Nasdaq Vol: 4.2 bln (Above)

New Swing Positions:
None

Comments:
The Nasdaq managed to close out at a new record high while the other two failed to do so. The market is currently being driven by big tech and banks.

Real Estate was top of the table and Energy at the bottom with Tech mid-table.

We should be cautious of September as seasonally it is quite poor performing.

ETHUSD was up 11% in yesterday’s session while BTCUSD stayed within its mini consolidation.

NFP tomorrow so time to sit back and enjoy the prekend.

Let’s go trade!