Market Report Oct 12 2021

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Market Report for Oct 12 2021

We try to be productive by being less busy.

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

Market YTD:
S&P 500 +16.1% YTD
Dow Jones Industrial Average +12.7% YTD
Nasdaq Composite +12.4% YTD
Russell 2000 +12.5% YTD

Market Volume:
NYSE Vol: 702 mln (Below)
Nasdaq Vol: 3.5 bln (Below)

New Swing Positions:
GBPCAD short @1.6988 Stop @1.7047 is still open.

Comments:
The markets closed at session lows after gaining some strength in the first half on Monday. In fact, the S&P 500 had increased by nearly 0.6% at one stage, only to give up those gains.

Oil prices continued to rise but FX pairs were fairly quiet.

We did not buy into any stocks but as mentioned in a prior webinar, we will be looking to trim positions and adjust our portfolio by swinging the axe.

It might be another stand aside day.

Let’s go trade!