Market Report Sep 09 2021

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Market Report for Sep 09 2021

Power of patterns.

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

Market YTD:
S&P 500 +20.2% YTD
Nasdaq Composite +18.6% YTD
Russell 2000 +13.9% YTD
Dow Jones Industrial Average +14.5% YTD

Market Volume:
NYSE Vol: 810 mln (Below)
Nasdaq Vol: 4.1 bln (Above)

New Swing Positions:
USDCAD long @1.2661 Exited @1.2697

Comments:
A bearish day on the markets for Wednesday’s session. The Dow Jones Industrial Average tags its 50MA while the S&P 500 forms a little Doji at what can be construed as a BuF.

SPCE was the biggest gainer at only 3.41% while SKLZ lost 8.27%.

FX is getting busier but only for short bursts rather than long trends. In order to play this, look for intraday setups with good risk:reward.

Still standing aside on stocks

Let’s go trade!