MaR Aug 13 2020

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Market Report for Aug 12 2020

Dynamic Traders take the best trades

New Positions:
None

Trade Zones:
FSLY
GNMK
MSCI
NYT

Market Trend:
Up

Market YTD:
Nasdaq Composite +22.7% YTD
S&P 500 +4.6% YTD
Dow Jones Industrial Average -2.0% YTD
Russell 2000 -5.1% YTD

Market Volume:
NYSE Vol: 770 mln
Nasdaq Vol: 3.6 bln

Comments:
The S&P500 gained 1.4% and was just within a few points of a new ATH as big tech showed their strength by gaining 2.1%. The Dow Jones Industrial increased 1.1% and even the Russell 2000 joined the party and clocked up 0.5%.

TSLA surged 13% after announcing a 5:1 split which takes place at the end of August. AMD was the top performed in the S&P 500.

Gold is showing strength again during the overnight session. Our initial entry is above yesterdays high but we will trail our entry of price pulls back further.

PORT Aug 13 2020

Lets go trade!