Market Report for Oct 21 2021
Market Trend:
S&P 500 = Up
Nasdaq Composite = Up
Market YTD:
S&P 500 +20.8% YTD
Nasdaq Composite +17.3% YTD
Dow Jones Industrial Average +16.4% YTD
Russell 2000 +16.0% YTD
Market Volume:
NYSE Vol: 738 mln (Below)
Nasdaq Vol: 4.1 bln (Below)
New Swing Positions:
USDCAD Short @1.2336 Still running
GBPNZD Short @@1.9251 Stopped out with profit
Comments:
On Wednesday was not a HiP day but that did not deter some indices to go on and have a bullish day anyway. The Dow Jones Industrial Average went on to make a new intraday ATH. The tech-heavy Nasdaq closed slightly negative.
TSLA EPS was a beat by 15%.
The market giveth with one hand and taketh with the other. PINS moved up 12% on news that PYPL were going to buy them out which inevitably saw PYPL move down 5%.
BTCUSD also made a new ATH.
Let’s go trade!