Market Report for Dec 19 2020
Nasdaq Composite +42.2% YTD
Russell 2000 +18.1% YTD
S&P 500 +14.8% YTD
Dow Jones Industrial Average +5.8% YTD
NYSE Vol: 3.1 bln (A)
Nasdaq Vol: 7 bln (A)
Growth Portfolio % of Return:
FX & Comms: -5.25
All the major averages ended the session in the red slightly on Friday. It seems they were having a breather after setting records this week but there was some heavy volume behind those levels.
Less than 4 weeks ago our percent of return was approaching 1000% and today it is approaching 2000%. And this last month we have done the least amount of work towards this since the March lows.
Watch out this week as we approach the holidays. Stimulus talk, unusual (high or low) volume levels, profit-taking and Santa rally could all play a part.
Have a good festive holiday period.
Let’s go trade!