Market Report for Aug 28 2020
Tree shaking takes removes the nervous investors and the smart money ride the trends.
Nasdaq Composite +29.6% YTD
S&P 500 +7.9% YTD
Dow Jones Industrial Average -0.2% YTD
Russell 2000 -6.2% YTD
NYSE Vol: 777 mln
Nasdaq Vol: 3.5 bln
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.
Lets go trade!