MaR Dec 09 2020

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Market Report for Dec 09 2020

Emotional discipline = Trading success

Market Trend:
Up

Market YTD:
Nasdaq Composite +40.2% YTD
Russell 2000 +14.9% YTD
S&P 500 +14.6% YTD
Dow Jones Industrial Average +5.7% YTD

Market Volume:
NYSE Vol: 911 mln (B)
Nasdaq Vol: 4.7 bln (A)

New Positions:
ZG @116.17 (Swing)

Growth Portfolio % of Return:
Stocks: +1767.35
FX & Comms: -5.25

PORT Dec 09 2020

Comments:
News of vaccines and stimulus chatter gave Santa’s reindeer’s energy to turnaround pre-market weakness to end of day strength.

The S&P 500, Nasdaq Composite and Russell 2000 all close at record highs on Tuesday.

Our best performer was EDIT that was entered around the DVI and is now 50% from there in about a month.

SNOW started well but ended with a sizable Doji so a PB might now be around the corner.

AUDC was our worst performer for the day.

Let’s go trade!