Market Report Sep 15 2021

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Market Report for Sep 15 2021

You have no control over the market but you do have total control over the risk you take.

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

Market YTD:
S&P 500 +18.3% YTD
Nasdaq Composite +16.7% YTD
Dow Jones Industrial Average +13.0% YTD
Russell 2000 +11.9% YTD

Market Volume:
NYSE Vol: 810 mln (Below)
Nasdaq Vol: 4.5 bln (Above)

New Swing Positions:
EURUSD long @1.1818 and took profit before NY open. Pre-London close remainder of trade stopped out at exit.

A bearish day on all the indices. The indices range between 2% to 3% off their highs. S&P 500 is now at the 50MAZ. We are now halfway into the month and standing aside has been a good position.

Our focus has been on FX and while that has not been trending, it has been offering small profits each day. So at least traders have all been able to focus our attention elsewhere while we wait for stocks to find some bullish momentum.

It is best to still stand aside in equities.

Let’s go trade!