MaR Dec 15 2020

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Market Report for Dec 15 2020

Most traders are often more willing to act based on little or no data than to use data that is a challenge to assemble and apply. Don't do what the majority do!

Market Trend:
Up

Market YTD:
Nasdaq Composite +38.6% YTD
Russell 2000 +14.7% YTD
S&P 500 +12.9% YTD
Dow Jones Industrial Average +4.6% YTD

Market Volume:
NYSE Vol: 1.0 bln (A)
Nasdaq Vol: 4.4 bln (A)

New Positions:
None

Growth Portfolio % of Return:
Stocks: +1681.76
FX & Comms: -5.25

PORT Dec 15 2020

Comments:
The Pfizer and BioNTech vaccines started to roll out in the U.S. but that was of no surprise to the market. As a result, The S&P 500 and Dow Jones Industrial Average both ended the session negative while Nasdaq had a positive day.

Energy was the biggest loser on Monday. The two high-profile IPOs from last week both had close to 10% declines too.

IPOB (L3 trade) was our biggest winner with a 13% move up while SPCE lost 16%. This decline was as a result of a canceled launch due to technical reasons at the weekend.

Watch for noise in this market.

Let’s go trade!