MaR Apr 06 2020

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Market Report for Apr 06 2020

New Positions:
None

Stock to Watch:
MLNX
NEO
NVDA
TEAM
VRTX

Market Trend:
Sideways

Market YTD:
Nasdaq Composite -17.8% YTD
S&P 500 -23.0% YTD
Dow Jones Industrial Average -26.2% YTD
Russell 2000 -37.0% YTD

Market Volume:
NYSE Vol: 1.43B
Nasdaq Vol: 3.26B

Key U.S. News:
None

Comments:
Stocks under pressure after finding resistance at WVI. As we know, this was always a probability and now we have to wait for that zone to be broken.

While we are not in a bullish market right now, if things change (break above WVI zone) then we want to be ready with some stocks that may be of interest. A few such stocks are above.

Remember two points though.

  1. We are in Earnings season
  2. Sell in May and go away

Now point 2 is not always accurate, point 1 is. So be sure to check Earnings for every stock you may be interested in should be move into the bullish market.

MaR Apr 06 2020

Lets go trade!