Market Report for Aug 12 2020

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.

Lets go trade!