Market Report for Apr 09 2020

New Positions:
None

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite -9.8% YTD
S&P 500 -14.8% YTD
Dow Jones Industrial Average -17.9% YTD
Russell 2000 -28.6% YTD

Market Volume:
NYSE Vol: 1.21B
Nasdaq Vol: 3.44B

Key U.S. News:
PPI
Core PPI
Initial Claims
Continuing Claims
University of Michigan Consumer Sentiment

Comments:
The stock market rallied on Wednesday, though the advance found resistance near Tuesday’s opening high. The S&P 500 and DJ 30 gained around +3.4% while the Russell 2000 outperformed at +4.6%.

There is lots of news today and as we have a long weekend ahead and the market has been moving slowly and unsurely upwards, we are still standing aside.

Lets go trade!