MaR Apr 27 2020

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Market Report for Apr 27 2020

Video length: 46 mins

New Positions:
None

Trade Zones:

Bu
AAPL
BAX
EBS
FORM
LULU
MASI
NVDA
PLMR
RGEN
SLP
TDOC
WST

Br
FIX
TCO

Market Trend:
Up

Market YTD:
Nasdaq Composite -3.8% YTD
S&P 500 -12.2% YTD
Dow Jones Industrial Average -16.7% YTD
Russell 2000 -26.1% YTD

Market Volume:
NYSE Vol: 1.1B
Nasdaq Vol: 3.6B

Key U.S. News:
None

Comments:
The S&P 500 closed near session highs but unfortunately still ends the week slightly lower but off support and back above d50MA. This bodes well but we want to see a follow-through on that momentum otherwise we are just experiencing a sideways criss-cross 50MA bracket.

We have lots of big Earnings next week so be prepared for some momentum shifts.

Lets go trade!