Market Report for Aug 04 2020

New Positions:
None

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite +21.5% YTD
S&P 500 +2.0% YTD
Dow Jones Industrial Average -6.6% YTD
Russell 2000 -9.7% YTD

Market Volume:
NYSE Vol: 875 mln
Nasdaq Vol: 4.1 bln

Comments:
AAPL and MSFT were the big dog movers yesterday forcing Nasdaq to close at a new record.

Some notable news items are LLY started phase 3 trials, SFM found support at 50MA and ADT partnered with GOOG to develop the next generation home security system. We have positions in LLY and SFM.

We are looking for opportunities but there are a lack of low-risk set ups at present.

Lets go trade!