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!