Market Report Sep 03 2021

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Market Report for Sep 03 2021

 Technical indicators come and go. Price is what you need to know.

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

Market YTD:
S&P 500 +20.8% YTD
Nasdaq Composite +19.0% YTD
Russell 2000 +16.7% YTD
Dow Jones Industrial Average +15.8% YTD

Market Volume:
NYSE Vol: 797 mln (Below)
Nasdaq Vol: 3.9 bln (Below)

New Swing Positions:
AUDUSD @0.7386 Exited yesterday @0.7401 due to NFP

We can discard the Thursday close prior to NFP as all eyes will be on the jobs report today and not any new highs the market may have made yesterday.

We have exited some of our newer positions in FX, mainly GBPUSD and AUDUSD but still have our longer-term GBPUSD position in play.

EDIT was up just under 10%. yesterday. We have spoken about this stock in recent weeks and it has now broken up above its minor new base. This technology is likely to expand and the stock is a good candidate for growth over the long term.

Today we can sit back and watch the market.

Let’s go trade!