Market Report for Oct 07 2021
S&P 500 = Up
Nasdaq Composite = Up
S&P 500 +16.2% YTD
Dow Jones Industrial Average +12.5% YTD
Nasdaq Composite +12.5% YTD
Russell 2000 +12.2% YTD
NYSE Vol: 882 mln (Below)
Nasdaq Vol: 4.4 bln (Above)
New Swing Positions:
Long AUDUSD @0.7237 Exit @0.7264
So the 2 HiP days we mentioned on the weekend webinar produced some good returns, least of all on our Nasdaq trade which is a leveraged position. Best of all, the markets started off weak and turned around, and closed at session highs. This is normally a good sign of strength.
We will continue to look for more positions as a couple more of our long-term positions may well have gotten added to yesterday. If that was the case, we will not be looking to be active on stocks today as we approach NFP.
FX is still not trending but BTCUSD and ETHUSD are both doing well. BTCUSD is up more than 10% for the week.
Let’s go trade!