MaR Dec 13 2020

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Market Report for Dec 13 2020

 

Human behaviour accounts for price overreaction in both directions

Video length: 49 mins

Trade Zones:
WD

Market Trend:
Up

Market YTD:
Nasdaq Composite +38.0% YTD
Russell 2000 +14.6% YTD
S&P 500 +13.4% YTD
Dow Jones Industrial Average +5.3% YTD

Market Volume:
NYSE Vol: 909 mln
Nasdaq Vol: 4.2 bln

New Positions:
None

Growth Portfolio % of Return:
Stocks: +1695.39
FX & Comms: -5.25

PORT Dec 13 2020

Comments:
Noise might be on the agenda near term but we might get sight of Santa rallying later. Be prepared to exit positions if you need to on news such as lockdowns, escalating COVID-19 cases or any negative vaccine reports during now and the end of the month. We might see reactions heightened will less liquidity to overcome dumb money trading if the big dogs are not involved. We touched upon the liquidity on the webinar.

This is the last MaR webinar for 2020 unless the markets dictate otherwise.

Have a good Christmas everyone.

Let’s go trade!