Market Report Nov 04 2021

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Market Report for Nov 04 2021

Know your support and resistance levels.

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

Market YTD:
S&P 500 +24.1% YTD
Nasdaq Composite +22.7% YTD
Russell 2000 +21.7% YTD
Dow Jones Industrial Average +18.1% YTD

Market Volume:
NYSE Vol: 908 mln (Above)
Nasdaq Vol: 5.2 bln (Above)

New Swing Positions:
None due to FOMC, BoE report and NFP

Comments:
New highs across the board. The Russell 2000 was the biggest gainer.

Powell said it will still take some time to reach maximum employment, maybe by the second half of 2022 which seemed like an attempt to offset rate hike questions. The Dollar dropped during the hour Powell was talking.

We have started to make adjustments to our portfolio.

As we have NFP tomorrow, this will be the last MaR until the weekend.

Let’s go trade!