MaR Apr 07 2020

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Market Report for Apr 07 2020

New Positions:
CADCHF short exited at entry

Trade Zones:
CIEN – near @44.60
HLI – above @60.00
VRTX – near @250

Market Trend:
Bullish

Market YTD:
Nasdaq Composite -11.8% YTD
S&P 500 -17.6% YTD
Dow Jones Industrial Average -20.5% YTD
Russell 2000 -31.8% YTD

Market Volume:
NYSE Vol: 1.4B
Nasdaq Vol: 3.8B

Key U.S. News:
None

Comments:
A broad-based rally and closing above the Futures figures are providing a reason for more confidence. We trade what we see and not opinions so we can start to tentatively enter into this market with half risk. Be mindful we are in Earnings season.

MAR Apr 07 2020

 

CIEN

 

HLI

 

VRTX

Lets go trade!