Market Report Nov 09 2021

  • Post author:

Market Report for Nov 09 2021

Don't get influenced by investing fads. Avoid the shiny penny syndrome.

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

Market YTD:
S&P 500 +25.2% YTD
Russell 2000 +23.7% YTD
Dow Jones Industrial Average +19.0% YTD
Nasdaq Composite +19.0% YTD

Market Volume:
NYSE Vol: 859 bln (Below)
Nasdaq Vol: 5.41 bln (Above)

New Swing Positions:
GBPUSD Long @1.3508 open
EURUSD Long @1.1581 open

Comments:
A mainly bullish day across the indices on Monday but everyone of the main indices closed with an indecision look to the bar. However, they are small range bars but still something to take note of in case the market decided to take a pause.

We have added stops to many of our stocks yesterday and will add more today.

I mentioned BTCUSD on the MaR this weekend and the formation being displayed is usually one prior to moving up and that is what happened yesterday. BTCUSD and ETHUSD printed new highs.

We took long positions on GBPUSD and EURUSD. Both positions are in profit and managed.

Let’s go trade!