Market Report for Apr 08 2020

New Positions:
None

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite -12.1% YTD
S&P 500 -17.7% YTD
Dow Jones Industrial Average -20.6% YTD
Russell 2000 -31.7% YTD

Market Volume:
NYSE Vol: 1.47B
Nasdaq Vol: 4.03B

Key U.S. News:
MBA Mortgage Applications Index
EIA Crude Oil Inventories

Comments:
Stocks fade from the gap up on Futures. However, for the time being, price is still above the pivot high resistance on the daily. Stand aside and watch price action to present strength before trading this market up or break below 2190 for further weakness.

Lets go trade!