Market Report Oct 26 2021

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Market Report for Oct 26 2021

Reinvest.

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

Market YTD:
S&P 500 +21.6% YTD
Nasdaq Composite +18.1% YTD
Russell 2000 +17.1% YTD
Dow Jones Industrial Average +16.8% YTD

Market Volume:
NYSE Vol: 805 mln (Below)
Nasdaq Vol: 5.6 bln (Above)

New Swing Positions:
GBPNZD Short @1.9235

Comments:
The markets ended up for the day with the Nasdaq being the biggest mover but the S&P 500 and Dow Jones Industrial Average closing at record highs.

However, the biggest news has to be TSLA hitting a market cap of $1 tln. A day after we mentioned it might go on to do that at some point. This was helped in part by Hertz doing a deal with TSLA for 100k EVs but irrespective of that,  it was also likely to happen at some point. TSLA gained 12% on Monday and took the stock price to over $1000.

TSLA 1 trillion dollars

FB had a slight beat on earnings. Our biggest gainer for the day was XPEV and CLSK which were up over 11%. Our biggest loser was PINS which was down over 12%.

ETHUSD had its highest ever close yesterday.

Busy week of earnings so be sure to KYL for the stocks you own.

Let’s go trade!