MaR Dec 11 2020

  • Post author:

Market Report for Dec 11 2020

Most traders do the exact opposite of what they should. They look for short term gratification and panic sell on pullbacks

Market Trend:
Up

Market YTD:
Nasdaq Composite +38.3% YTD
Russell 2000 +15.2% YTD
S&P 500 +13.5% YTD
Dow Jones Industrial Average +5.1% YTD

Market Volume:
NYSE Vol: 966 mln (A)
Nasdaq Vol: 4.4 bln (A)

New Positions:
XPEV @44.49

Growth Portfolio % of Return:
Stocks: +1785.76
FX & Comms: -5.25

PORT Dec 11 2020

Comments:
Attention was on small-caps, energy stocks and of course ABNB which was up 112% from the original IPO value that was being touted. This is a stock we wanted to enter but as a result of the monster move even before it traded, we have not traded it.

As it is the last trading day of the week, we might see profit-taking but it allows us relax and watch the market move into the weekend.

Let’s go trade!