MaR Aug 28 2020

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Market Report for Aug 28 2020

Markets move up

Tree shaking takes removes the nervous investors and the smart money ride the trends.

New Positions:
CHGG
CRSP

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite +29.6% YTD
S&P 500 +7.9% YTD
Dow Jones Industrial Average -0.2% YTD
Russell 2000 -6.2% YTD

Market Volume:
NYSE Vol: 777 mln
Nasdaq Vol: 3.5 bln

Comments:
Financials were the big winners yesterday after Fed Chair Powell said his bit. Tech had a relatively weak day although MSFT increased 2.46% making a new ATH.

S&P 500 closed with a small range Doji yesterday and as today is the last trading day of the week, it is time to enjoy a long weekend.

PORT Aug 28 2020

Lets go trade!