Market Report Nov 16 2021

  • Post author:

Market Report for Nov 16 2021

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

Market YTD:
S&P 500 +24.7% YTD
Nasdaq Composite +23.0% YTD
Russell 2000 +21.6% YTD
Dow Jones Industrial Average +17.9% YTD

Market Volume:
NYSE Vol: 764 mln (Below)
Nasdaq Vol: 4.9 bln (Above)

New Swing Positions:
EURUSD Short @1.1426

Comments:
The market continues to consolidate near the highs frightening short-term traders out of the market.

Slightly negative close across the board with small range bars to start the week off.

We are still looking to buy into the market and BLNK was one we were considering but unfortunately not entered into. It closed 12% higher yesterday and over 30% in the last few days.

FX is still interesting although devoid of the big strong trends.

Let’s go trade!