Market Report Sep 14 2021

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Market Report for Sep 14 2021

We aim for small risk to turn into big gains in good trends.

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

Market YTD:
S&P 500 +19.0% YTD
Nasdaq Composite +17.2% YTD
Dow Jones Industrial Average +13.9% YTD
Russell 2000 +13.5% YTD

Market Volume:
NYSE Vol: 850 mln (Below)
Nasdaq Vol: 4.6 bln (Below)

New Swing Positions:
None

Comments:
A thin volume session with a lack of conviction. The Dow Jones Industrial Average was the biggest gainer followed by the S&P 500. The Nasdaq Composite closed slightly negative.

Energy was the leader and Health Care the laggard.

TROX was our biggest gainer (+11%) on news of a takeover followed by SHLS (+8%). BMBL fell the most (-6%).

FX was fairly flat and even though support levels were interacted with, opportunities were scarce with mainly rangebound activity for Monday.

I think we might be doing a lot more of nothing much for today. Be mindful, at some point, this too shall pass. So stay current with the markets.

Let’s go trade!