Market Report Nov 10 2021

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Market Report for Nov 10 2021

Portfolio Mngt

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

Market YTD:
S&P 500 +24.7% YTD
Nasdaq Composite +23.3% YTD
Russell 2000 +22.9% YTD
Dow Jones Industrial Average +18.7% YTD

Market Volume:
NYSE Vol: 834 mln (Below)
Nasdaq Vol: 5.4 bln (Above)

New Swing Positions:
No new positions but prior positions on GBPUSD and EURUSD both closed out with a profit.

Comments:
Over the last few days, Anne and I have been going through our portfolios and I do not think we have been this busy or this tired since the COVID crash.

A bearish day on the markets on Tuesday.

One of our positions on TSLA stopped out @1024.19 with a hefty profit.
NET narrowly managed to avoid hitting our stop but we will look to exit today.
AMD is also in for a haircut.

As earnings continue to be released for stocks we own, we will be taking the axe to some of them. Yes, they will miss the pre-Thanksgiving rally but we aim to balance our book with mainly leaders. Laggards will have been given enough time to prove themselves and so it will be a trip to the chopping block for them.

Let’s go trade!