Market Report Oct 29 2021

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Market Report for Oct 29 2021

Know the boundaries of your risk.

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

Market YTD:
S&P 500 +22.4% YTD
Nasdaq Composite +19.9% YTD
Dow Jones Industrial Average +16.7% YTD
Russell 2000 +16.4% YTD

Market Volume:
NYSE Vol: 875 mln (Below)
Nasdaq Vol: 5.6 bln (Above)

New Swing Positions:
USDCAD Short @1.2357 stopped out at entry and no profit from new position but profit from prior position.
EURCHF half profit.
GBPAUD half profit.

Comments:
New records for S&P 500 and Nasdaq Composite on Thursday with a bullish day across all indices.

Good earnings overall for the most part it seems.

FB confirmed a name change to “Meta” and a ticker change to “MVRS,” starting Dec. 1.

Our position in EBAY was stopped out around 18% profit after the entry from Feb 2021.

Last day of the trading week but as we are mainly standing aside, enjoy the prekend.

Let’s go trade!