Market Report Oct 07 2021

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Market Report for Oct 07 2021

The market is like the weather. If you don't like the current conditions, just wait a while.

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

Market YTD:
S&P 500 +16.2% YTD
Dow Jones Industrial Average +12.5% YTD
Nasdaq Composite +12.5% YTD
Russell 2000 +12.2% YTD

Market Volume:
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!