6th October - Monday Market Update #198 - Can Smith & Wesson $SWBI shoot its way through resistance?
- Paul Wallace
- Oct 6
- 2 min read
Updated: Oct 7
Make 2025 your best trading year ever by joining the VTP Trader Accountability Group: https://bit.ly/VTPTAG
Hello Traders,
Thanks to those of you who joined us today. I should reiterate that the Monday Market Update is just that. A big picture overview of the markets, with a few 'charts of interest' thrown in. There are no trade recommendations, this is not a signal service - just what I am looking at and interested in.
Today we looked at; FX STAM, Palantir technologies ($PLTR), Delta Air Lines ($DAL), Smith & Wesson Brands Inc ($SWBI).
You can follow my charts on TradingView at FXTraderPaul: https://bit.ly/FXTPVIEW
Paul's Monday market update for October 6, 2025, covered the performance of various FX markets. Swiss bank remained top, with the Euro in second place. The Canadian dollar and New Zealand Dollar were at the bottom. The Japanese yen weakened post-election, impacting the Nikkei. The British pound showed mixed sentiment, with potential changes not expected until after the budget. American indexes performed well despite the government shutdown. Gold, silver, and Bitcoin remained strategic buys. Palantir, Delta Airlines, and Smith & Wesson were highlighted for their significant price movements and upcoming earnings. The overall market sentiment remained bullish.
We also covered the usual suspects: $DJIA, $NDX, $SPY, $RTY, $DAX, $FTSE, $N225, $WTI, $XAUUSD, $XAGUSD, $BTCUSD, $USD, $DXY, $JPY, $AUD, $CHF, $NZD and $GBP.
Have a great trading week. We return next week at 1230.
Trade well,
Paul
Should you wish to learn more about VTP Concepts you can take advantage of the Summer 25 Mega Deal: https://bit.ly/VTPMEGA
If you’re happy with your trading methods and just want to be part of a community then join the Free VTP Skool community: https://bit.ly/VTPSKOOL
If you want help with becoming the best trader you can be, then you can join the VTP TAG – Trader Accountability Group: https://bit.ly/VTPTAG
Comments