MaR Dec 01 2020

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Market Report for Dec 01 2020

Stock negativity in a bull market is often a buy point for the brave

Trade Zones:
AMCR (sub $15)

Market Trend:
Up

Market YTD:
Nasdaq Composite +36.0% YTD
S&P 500 +12.1% YTD
Russell 2000 +9.1% YTD
Dow Jones Industrial Average +3.9% YTD

Market Volume:
NYSE Vol: 1.9 bln (A)
Nasdaq Vol: 7.5 bln (A)

New Positions:
None

Portfolio % of Return:
Stocks: +1458.32
FX & Comms: -3.08 (Gold exit @1775 with 5.33% loss)

PORT Dec 01 2020

Comments:
November ended negative with Nasdaq Composite -0.06%, S&P 500 -0.46% and Dow Jones Industrial Average -0.91%.

Energy fell, probably due to profit-taking prior to the OPEC decision today.

Tech was the leader followed by Healthcare. Further to the webinar, it is still hard to say this is a real rotation as tech is not really out of favour.

NASA has announced SPCE and Masten Space Systems will provide flight and integration services for payloads. This news saw price move up 4% after hours.

ZM fell 4% after earnings even with a beat. It is dealing around the 50MA.

Let’s go trade!