Market Report Oct 15 2021

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Market Report for Oct 15 2021

To understnd what might happen, we need to look at what did happen.

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

Market YTD:
S&P 500 +18.2% YTD
Russell 2000 +15.2% YTD
Nasdaq Composite +15.0% YTD
Dow Jones Industrial Average +14.1% YTD

Market Volume:
NYSE Vol: 795 mln (Below)
Nasdaq Vol: 4.2 bln (Below)

New Swing Positions:
EURJPY Long @131.548 Stop @130.798
GBPUSD Short @1.3703Stop @1.3739

Thursday was the HiP day and saw the major averages all close at least 1.56% up for the day.

Our Nasdaq long position as did the majority of our portfolio. All FX positions are also in profit.

As of this morning, BTCUSD is almost at 60k once again.

A good trading week coming to a close. We will not be looking to do much today.

Let’s go trade!