Market Report Oct 06 2021

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Market Report for Oct 06 2021

The consistency you seek is in your mind, not in the markets.

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

Market YTD:
S&P 500 +15.7% YTD
Russell 2000 +12.9% YTD
Dow Jones Industrial Average +12.1% YTD
Nasdaq Composite +12.0% YTD

Market Volume:
NYSE Vol: 871 mln (Below)
Nasdaq Vol: 4.1 bln (Below)

New Swing Positions:
None

Comments:
We discussed Tuesday being a HiP day and for the first time in a while, we had been buying into the market. Bought Nasdaq, NFLX, AMD and CRWD.

No FX trades were filled during Tuesday’s session even though we had entry orders in place.

BTCUSD is back above 50k with a bounce off the W&D 50MA.

We are now midweek and approaching NFP Friday so from Thursday we will not look to buy into the market. If we find opportunities today then may consider them.

Let’s go trade!