Market Report Oct 13 2021

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Market Report for Oct 13 2021

Don't focus on the money.

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

Market YTD:
S&P 500 +15.8% YTD
Russell 2000 +13.1% YTD
Dow Jones Industrial Average +12.3% YTD
Nasdaq Composite +12.2% YTD

Market Volume:
NYSE Vol: 781 mln (Below)
Nasdaq Vol: 4.0 bln (Below)

New Swing Positions:
GBPCAD half closed off at 1R with half at entry.

Comments:
Markets close just off the session lows with a low range day. Traders/investors are waiting to see the outcome of today’s news items such as FOMC minutes and CPI data before committing more money.

FX markets are still choppy. GBPCAD short gave us some profit and the remaining position exited at entry. This morning it is back to where it was at the London open yesterday. Similar behavior for GBPUSD and EURUSD.

BTCUSD is now less than 19% from reaching new ATHs.

Let’s go trade!