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Daily Market Recap - 9/13/2021

$SPY - held support levels today.


As we indicated over the weekend we expected a bounce to occur no later than 9/14. We may get that after some initial morning weakness. Tomorrow's CPI numbers for August should generate a market reaction. We will update throughout the day if anything changes. We also mentioned expected price action and next pullback dates. We will provide an update on those as the expected bounce begins to wrap up.


$IWM - looking to break a short term channel and continue higher into the Fed meeting. We will issue additional small cap trade suggestions as the breakout occurs.


$AAPL - has a news event for product updates tomorrow 9/14. The trade suggestions we issued to both members and the trading community should be monitored as this event can lead to volatility. Support is currently holding and a bounce looks possible as well headed into the Fed meeting.


Source: https://www.apple.com/apple-events/

$HD - has performed well since our trade suggestion to members and trading community. Look for continuation to the upside after some short term consolidation.

$SNAP - held support today and we continue to be bullish on this name longer term.



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