Market Report Nov 03 2021

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Market Report for Nov 03 2021

Try to avoid the leverage trap.

 

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

Market YTD:
S&P 500 +23.3% YTD
Nasdaq Composite +21.4% YTD
Russell 2000 +19.5% YTD
Dow Jones Industrial Average +17.8% YTD

Market Volume:
NYSE Vol: 832 mln (Below)
Nasdaq Vol: 5/0 bln (Above)

New Swing Positions:
AUDUSD long twice. Both positions failed and total loss was 1.5R

Comments:
All the indices set intraday highs and closing highs. That includes the Russell 2000 which was on our watchlist to breakout at some point from last weeks webinar.

ETHUSD made a new high yesterday and SOLUSD is up about 9% since our recent entry.

With the FOMC policy announcement today, we can begin our prekend.

Let’s go trade!