MaR Dec 16 2020

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Market Report for Dec 16 2020

Two factors needed for a successful outcome. Timing + Time in Trade

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

PORT Dec 16 2020

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!