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!