Market Report Jun 16 2021

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Market Report for Jun 16 2021

Amateur traders try to create reason and certaintity for every move against them.

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

Market YTD:
Russell 2000 +17.5% YTD
S&P 500 +13.1% YTD
Dow Jones Industrial Average +12.1% YTD
Nasdaq Composite +9.2% YTD

Market Volume:
NYSE Vol: 865 mln (Below)
Nasdaq Vol: 4.5 bln (Below)

New Swing Positions:
None

Comments:
Tuesday was a nothing day as all traders are awaiting the Fed decision today. Unless their is a unexpected shift or hints of a change, we should expect intraday volatility around 7pm BST / 2pm ET and normal service should resume from Thursday.

Dow -0.27%
Nasdaq -0.71%
S&P 500 -0.20%

Energy was the best performer and Real Estate was the worst.

GBPUSD came off its lows yesterday to print another indecision candle while BTCUSD and ETHUSD had a very small range and slightly bearish day.

As always, we have orders in for compounds but none of them were filled, including NFLX.

Today is for enjoying the weather and preparing for post FOMC statement and press conference.

Let’s go trade!