Market Report Sep 08 2021

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Market Report for Sep 08 2021

Nothing good happens below the 200 moving average.

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

Market YTD:
S&P 500 +20.3% YTD
Nasdaq Composite +19.3% YTD
Russell 2000 +15.2% YTD
Dow Jones Industrial Average +14.7% YTD

Market Volume:
NYSE Vol: 811.7 mln (Below)
Nasdaq Vol: 3.9 bln (Below)

New Swing Positions:
GBPUSD @1.3798. Exited with loss @1.3793
USDCAD @1.2598. Partial profit @1.2647

Comments:
Nasdaq Composite printed a new high on Tuesday, which was the first trading day of the week. Dow Jones Industrial Average and S&P 500 were -0.76% and -0.34% respectively. Nasdaq Composite is now only 1% away from the S&P 500 for the calendar year.

Consumer Discretionary, Comms and Tech were the positive gainers but only by very slim margins.

We had a buy stop order for CRWD which did not fill but will still look to enter this as a compound for our current Growth portfolio. NFLX made a new ATH.

BTCUSD fell about 11% but did close above the DVI. ETHUSD also fell, tagged the 50MA and closed at the levels from about 7 days ago.

Please be cautious in entering positions during this period.

Let’s go trade!