MaR Apr 24 2020

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Market Report for Apr 24 2020

Current Positions:
GOLD
NFLX
MSFT
ZM

Trade Zones:
It’s Friday, stand aside

Market Trend:
Up

Market YTD:
Nasdaq Composite -5.3% YTD
S&P 500 -13.4% YTD
Dow Jones Industrial Average -17.6% YTD
Russell 2000 -27.2% YTD

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

Key U.S. News:
Durable Orders
Durable Goods – ex transportation

Comments:
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.

MAR Apr 24 2020

Lets go trade!