MaR Apr 21 2020

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Market Report for Apr 21 2020

New Positions:
None

Trade Zones:
Standing aside

Market Trend:
Up

Market YTD:
Nasdaq Composite -4.6% YTD
S&P 500 -12.6% YTD
Dow Jones Industrial Average -17.1% YTD
Russell 2000 -27.3% YTD

Market Volume:
NYSE Vol: 1.1B
Nasdaq Vol: 3.7B

Key U.S. News:
Existing Home Sales

Comments:

NYSE volume is almost back to normal levels. Nasdaq is still high but this might be in part due to investments from institutions in the current market.

The market turned lower yesterday after reaching the resistance we have already discussed and also due to oil.

WTI turned negative for the first time ever. This means producers would have to pay traders to take oil off their hands. We are undoubtedly experiencing extraordinary and historic times.

MAR Apr 21 2020

Lets go trade!