MaR Dec 06 2020

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Market Report for Dec 06 2020

Video length: 52 mins

Don't chase trades. Let price make a return to enter with reduced risk

Trade Zones:

Market Trend:

Market YTD:
Nasdaq Composite +38.9% YTD
S&P 500 +14.5% YTD
Russell 2000 +13.4% YTD
Dow Jones Industrial Average +5.9% YTD

Market Volume:
NYSE Vol: 975 mln (A)
Nasdaq Vol: 5 bln (A)

New Positions:
SNOW @297.88

Portfolio % of Return:
Stocks: +1542.12
FX & Comms: -5.6

PORT Dec 06 2020

The market is still suggesting bullishness long term but watch for possible near term noise although a follow-through of Friday’s BuRPI might be on the cards as mentioned in the video based on seasonal performance.

We are almost fully invested in our Growth portfolio and might start to see momentum plays come into their own soon. Watch tech and comms for a return to strength.

Let’s go trade!