Market Report Sep 10 2021

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Market Report for Sep 10 2021

Take clues from the past.

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

Market YTD:
S&P 500 +19.6% YTD
Nasdaq Composite +18.3% YTD
Dow Jones Industrial Average +14.0% YTD
Russell 2000 +13.9% YTD

Market Volume:
NYSE Vol: 790 mln (Below)
Nasdaq Vol: 3.9 bln (Below)

New Swing Positions:
GBPUSD @1.3779 Exited @1.3815

Comments:
A fairly lethargic looking Thursday session in stocks with the indices falling between -0.25% and -0.46% and closing almost at session lows.

Do not worry about the news that may or may not cause intraday movement. Stand aside and let the seasonality/uncertainty/concern play out during this time.

BTCUSD and ETHUSD offered little in the way of momentum or direction.

GBPUSD found some strength in the session which we managed to take advantage. Price closed above the 50MA, DVI and 1.3801 resistance all in one bullish bar.

Last trading day of the week with not much to do in terms of equities so we can relax a little and start to prepare for our weekend analysis.

Let’s go trade!