Market Report Oct 21 2021

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Market Report for Oct 21 2021

Don't let the media scare you.

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!