Market Report Sep 24 2021

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Market Report for Sep 24 2021

Trading can often perform well for the dedicated. Trading will often not perform for the dabblers, dreamers, or the desperate.

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

Market YTD:
S&P 500 +18.5% YTD
Nasdaq Composite +16.8% YTD
Dow Jones Industrial Average +13.6% YTD
Russell 2000 +14.4% YTD

Market Volume:
NYSE Vol: 790 mln (Below)
Nasdaq Vol: 4.1 bln (Above)

New Swing Positions:
USDSGD long @1.3472 currently above 1R, STEP up and half profit taken.

Comments:
Another bullish day on the markets as the S&P 500 reclaims the 50MA but Dow Jones Industrial Average still has more to go.

We have not bought any stocks as yet but we will be looking to enter soon. AMD is one that looks to be shaping up nicely.

Forex is still choppy and therefore quite a challenge but it is certainly offering profits.

The last trading day of the week. We can usually expect profit-taking today after a couple of rallying days so watch out if that is the case.

Have a good weekend.

Let’s go trade!