Market Report Aug 18 2021

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Market Report for Aug 18 2021

Stay in touch with the market.

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

Market YTD:
S&P 500 +18.4% YTD
Dow Jones Industrial Average +15.5% YTD
Nasdaq Composite +13.7% YTD
Russell 2000 +10.2% YTD

Market Volume:
NYSE Vol: 802.6 mln (Below)
Nasdaq Vol: 4.1 mln (Below)

New Swing Positions:

Tuesday would have shaken out most traders by taking out their stops. The market move might have been unexpected to them but we knew it was a likely scenario based on low volume and out-of-season involvement from participants. This is why we are not looking for more risk over the last few weeks as mentioned in the weekly MaR video.

The markets ended off their lows with the Nasdaq Composite forming a Doji close to 50MA. Healthcare topped the charts.

GBPUSD some 12 trading days after our exit finally tagged the DVI which we have been waiting for. No candlestick formation as yet.

BTCUSD and ETHUSD had a bearish day but nothing drastic.

Anne has had plenty of trade candidates for DST but we have been holding fire. As of 4.30am BST the Futures are flat to bullish. We will look for new set ups but their quality might be difficult to gauge in this environment.

Let’s go trade!