Market Report for Dec 16 2020
Market Trend:
Up
Market YTD:
Nasdaq Composite +40.4% YTD
Russell 2000 +17.5% YTD
S&P 500 +14.4% YTD
Dow Jones Industrial Average +5.8% YTD
Market Volume:
NYSE Vol: 923 mln (A)
Nasdaq Vol: 4.3 bln (A)
New Positions:
None
Growth Portfolio % of Return:
Stocks: +1742.31
FX & Comms: -5.25
Comments:
More than 1% move up across the major indices on Tuesday. As mentioned on the weekly webinars, do not count out the mega tech stocks.
Yesterday we saw the return of the Mac. AAPL influenced the market with a 5% move up and breaking the neckline of the current consolidation. We will have to see if this leads to retesting the ATH.
The other standout stock was LLY which gained 6%. THe upside guidance and acquiring PRVL helped.
We will look to buy into the market if opportunities arise. Will await Anne’s swing/trend trades later this morning.
Let’s go trade!