Market Report for Apr 29 2020

New Positions:
None

Trade Zones:
Stand aside due to rate decision

Market Trend:
Up

Market YTD:
Nasdaq Composite -4.1% YTD
S&P 500 -11.4% YTD
Dow Jones Industrial Average -15.6% YTD
Russell 2000 -22.0% YTD

Market Volume:
NYSE Vol: 1.0B
Nasdaq Vol: 3.6B

Key U.S. News:
FOMC Rate Decision
EIA Crude Oil Inventories
Pending Home Sales

Comments:
Many big dogs lost momentum after the session opened from what was a positive Futures during the European session. Weakness was predominantly around Healthcare, Technology and Communications. As of 5am UK time, Dow Futures is up exactly 200 points.

With the rate decision due out today, it is time to stand aside and watch.

Lets go trade!