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.
Lets go trade!