Market Report for Apr 17 2020

New Positions:
None

Trade Zones:
Still standing aside.

Market Trend:
Up

Market YTD:
Nasdaq Composite -4.9% YTD
S&P 500 -13.4% YTD
Dow Jones Industrial Average -17.5% YTD
Russell 2000 -29.4% YTD

Market Volume:
NYSE Vol: 1.1B
Nasdaq Vol: 3.9B

Key U.S. News:
None

Comments:
Nasdaq outperforms once again and as already mentioned, we are looking for the big dogs to lead the way for this market. So far so good but price needs to clear that cluster of resistance.

We will look to enter more positions if price finds more strength.

As there is no news scheduled today, the merit of momentum is based on the stock.

Have a good weekend.

Lets go trade!