Market Report Sep 23 2021

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Market Report for Sep 23 2021

Ask not - how much I will profit on this trade? Ask - will I be fine if I don't profit from this trade?

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

Market YTD:
S&P 500 +17.0% YTD
Nasdaq Composite +15.6% YTD
Dow Jones Industrial Average +11.9% YTD
Russell 2000 +12.3% YTD

Market Volume:
NYSE Vol: 875 mln( Below)
Nasdaq Vol: 4.2 mln (Above)

New Swing Positions:
GBPUSD 1R half profit
EURCAD long 1R exit
CADCHF long 3R exit

Comments:
It was a bullish day on the markets as levels started to rise before the Fed came into action.

We can look for new opportunities with low risk but be cautious as this week is not generally the best of weeks historically speaking.

FCEL was the biggest gainer yesterday at 11%. BLI our biggest loser at -6.46%.

We managed to take some FX trades yesterday but due to a combination of being busy and not being home, we were not able to post them at the time of taking. CADCHF exited while Powell was speaking.

We have not bought into the market as yet but will be considering it now the news is out of the way.

Futures are slightly positive as of 6am BST.

Let’s go trade!