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03/06/2021 |

Market Update Into 3/8: $SPY and $QQQ See Thursday’s Losses Reversed on Positive Jobs Report

Thursday’s losses on inflation worries were reversed by a positive jobs report on Friday. 379K jobs added in February raised investors’ hopes of an economic rebound in 2021. Last week’s decline in Treasury yields was also checked with a +1.62% gain on Friday. At the day’s end, the Dow posted 572 points and the NASDAQ rose 1.6% to close at $12,920; $SPY session close was $383.95 (+0.08%) and the QQQ at $309.1 (+0.14%). So far, Q1 of 2021 is turning out to be quite the roller-coaster ride indeed.

In this blog post, make sure to check out the top 5 TrendSpider charts posted this week on social media; as well as the broad market charts into next week!

Don’t forget Season 3, Episode 9  of the “Stock Trading Pit” on this Sunday at 6 PM (EST) with special guests, Jack From Alphacharts365 (Advice for Traders) and Rob Smith (Pioneer of “The Strat” Method). Set A Reminder and Tune In Here


$SPY

$SPY session and weekly charts.

$QQQ

$QQQ session and weekly charts.

$IWM

$IWM session and weekly charts.


Top 5 TrendSpider Posts This Week

$DOCU chart by @POD_Options on Twitter.
$AMD chart by @justsomeguy327 on Twitter.
$ETHUSD chart by @FortTomF on Twitter.
$CRWD chart by @cliffordc119 on Twitter.
$XBI chart by @lblegend33 on Twitter.