Market Report for Apr 24 2020
It’s Friday, stand aside
Nasdaq Composite -5.3% YTD
S&P 500 -13.4% YTD
Dow Jones Industrial Average -17.6% YTD
Russell 2000 -27.2% YTD
NYSE Vol: 1.1B
Nasdaq Vol: 3.7B
Key U.S. News:
Durable Goods – ex transportation
The S&P 500 testing the d50MA once again but no real conviction in the bars around this area except on the first breach which had a BuRPI to it.
The Dow Jones Industrial Average continues to lag and is below the d50MA.
The Nasdaq Composite is leading and has a BuF look above the d50MA and now sitting above the DVI.
All 3 indices have a negative look to them leading into Friday’s session so please stand aside today and enjoy the weekend.
Have a good weekend.
Lets go trade!