Market Report Nov 18 2021

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Market Report for Nov 18 2021

Buy right, sit tight!

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

Market YTD:
S&P 500 +24.8% YTD
Nasdaq Composite +23.5% YTD
Russell 2000 +20.4% YTD
Dow Jones Industrial Average +17.4% YTD

Market Volume:
NYSE Vol: 806 mln (Below)
Nasdaq Vol: 5.0 bln (Above)

New Swing Positions:
USDCAD Short stopped out for a loss.
GBPUSD Short stopped out for a loss.

Comments:
Negative day for all the indices as small-caps faired the worst.

Some of the big dogs like AAPL, AMZN and TSLA helped minimise the market losses.

RIVN and LCID both saw some red yesterday after some massive gains in recent days.

Austria, Germany and some other European countries are imposing forms of restrictions on the unvaccinated. This is something to be slightly concerned about as widespread lockdowns might force the market to hesitate.

Let’s go trade!