MaR Aug 21 2020

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Market Report for Aug 21 2020

Prepare for the week ahead

See you on this weekends webinar for the market assessment of whats happened and what we think may happen going forward.

Sunday 10am BST

New Positions:
None

Trade Zones:
Stand aside

Market Trend:
Up

Market YTD:
Nasdaq Composite +26.6% YTD
S&P 500 +4.8% YTD
Dow Jones Industrial Average -2.8% YTD
Russell 2000 -6.2% YTD

Market Volume:
NYSE Vol: 706 mln
Nasdaq Vol: 4.1 bln

Comments:
Stock floated around in lightweight volume courtesy of the dumb money before ending the session higher with moves in the heavyweights such as AAPL and TSLA.

All current positions are intact and while the S&P 500 continues to bicker with ATHs, we stand aside and let our current tech positions perform until there is a real rotation.

Have a good weekend.

PORT FX Aug 21 2020

PORT Aug 21 2020

Lets go trade!