Market Report Sep 28 2021

  • Post author:

Market Report for Sep 28 2021

You don't stop a train with a brick wall!  Even if there's a wall of selling, the train will go through that wall and will take out a lot of bears.

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

Market YTD:
S&P 500 +18.3% YTD
Nasdaq Composite +16.2% YTD
Russell 2000 +15.5% YTD
Dow Jones Industrial Average +13.9% YTD

Market Volume:
NYSE Vol: 898 mln (Above)
Nasdaq Vol: 4.6 bln (Above)

New Swing Positions:
USDSGD short @1.3540 stopped out overnight. Did not manage to reduce risk before the session end yesterday.
GBPUSD short @1.3711 is currently in profit.

Comments:
The only gainer was the Dow Jones Industrial Average at +0.21% as S&P 500 and Nasdaq Composite but lost -0.28% and -0.52% respectively.

We have not entered any new or additional positions so far this week but usually come back from our holidays near the end of this week and look to enter from there.

We entered two shorts in FX. USDSGD stopped out at the original stop loss as we unfortunately did not have a buffer to reduce risk prior to session end yesterday. GBPUSD short is still running and we will manage the trade this morning as it is in profit.

As it is Anne’s birthday tomorrow, we will be away for a few days so this will likely be the last Market Report for this week.

Let’s go trade!