MaR Dec 03 2020

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Market Report for Dec 03 2020

If you find trading the markets entertaining, you probably need to change your approach. Making money on the markets should feel boring but rewarding

Trade Zones:
GRMN
LASR

Market Trend:
Up

Market YTD:
Nasdaq Composite +37.6% YTD
S&P 500 +13.6% YTD
Russell 2000 +10.2% YTD
Dow Jones Industrial Average +4.7% YTD

Market Volume:
NYSE Vol: 997 mln (B)
Nasdaq Vol: 5.1 bln (A)

New Positions:
NIO @45.26

Portfolio % of Return:
Stocks: +1378.91
FX & Comms: -5.6

PORT Dec 03 2020

Comments:
The markets struggled at the start but the S&P 500 managed to close at a record high with a 0.2% increase. The Dow Jones Industrial Average also closed up 0.2%. Russell 2000 was up 0.1% and the laggard was the Nasdaq Composite finishing lower by 0.1%.

Investors bought the dip in the market as did we with NIO before moving the market up.

Following the deal with CRM and WORK which was not the best for WORK shareholders, CRM fell 8.5% and WORK 2.6%.

SPOT surged to record highs on heavy volume. The launch of Spotify 2020 Wrapped which arrived in my inbox yesterday is a feature providing a year-in-review of the listening moments. A feature that is being rolled out for each user. I am not sure if this is for every user or just premium users but price seems to have coincided with that release.

SNOW fell about 4% after hours after in reaction to poor earnings.

CRWD gain on earnings by around 12% after the close.

TSLA up 2.5% overnight.

Let’s go trade!