Market Report Nov 11 2021

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Market Report for Nov 11 2021

If you are swing trading, know your daily risk.

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

Market YTD:
S&P 500 +23.7% YTD
Nasdaq Composite +21.2% YTD
Russell 2000 +21.0% YTD
Dow Jones Industrial Average +17.9% YTD

Market Volume:
NYSE Vol: 849 mln (Below)
Nasdaq Vol: 5.2 bln (Above)

New Swing Positions:
GBPUSD Short risk-free and half profit.

Comments:
Markets had another day of weakness as we continued to scale out of our positions. AMD partially exited and TPX fully exited, both with profit.

RIVN made its debut closing near where it opened after a 25% volatile and most likely dumb money range. This will be an interesting one to watch for the next few weeks to months.

ETHUSD and BTCUSD both made new highs in Wednesday’s session. We will look to add to SOLUSD at some point.

Let’s go trade!