Market Report for Oct 05 2021
S&P 500 = Up
Nasdaq Composite = Up
S&P 500 +14.5% YTD
Russell 2000 +12.4% YTD
Nasdaq Composite +10.6% YTD
Dow Jones Industrial Average +11.1% YTD
NYSE Vol: 1.0 bln (Above)
Nasdaq Vol: 4.5 bln (Above)
New Swing Positions:
GBPUSD short @1.3606 stopped out @1.3621 with a loss a couple of hours later.
Nasdaq Composite is about 2% above DVI and S&P 500 about 3.75% above.
As mentioned on recent MaR webinars, we are approaching the time of year where changes to our portfolio will begin. Some of our trailing stops will have been hit yesterday and but we have still not bought into this market. However, we are watching the volume levels and support levels to provide an indication of when we could look to enter.
Entry is not so important for long-term trades but knowing where the support zones are will help with looking for better entry points. Remember to stagger into new trades.
Let’s go trade!