MaR Dec 24 2020

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Market Report for Dec 24 2020

Trading unveils your character and then builds you a much stronger one

Market Trend:
Up

Market YTD:
Nasdaq Composite +42.3% YTD
Russell 2000 +20.3% YTD
S&P 500 +14.2% YTD
Dow Jones Industrial Average +5.6% YTD

Market Volume:
NYSE Vol: 813 mln (B)
Nasdaq Vol: 6.9 bln (A)

New Positions:
DBX @24.95

Growth Portfolio % of Return:
Stocks: +2019.73
FX & Comms: -5.25

PORT Dec 24 2020

Comments:
Another tight ranged session but with heavy volume on the Nasdaq. The Dow Jones Industrial Average was the biggest gainer followed by the S&P 500 and the Nasdaq Composite lost almost as much as the leader gained.

As I mentioned previously, now is really not the time to be opening positions unless you really need to. In our case, we are well-positioned since the end of October but will buy small positions on stocks we have an interest in.

SPCE was the biggest gainer yesterday at over 5%.

OPEN was the biggest loser at over 8%.

As it is Christmas eve, the markets will close early at 6pm GMT/1pm EST.

Have a wonderful holiday and Merry Christmas to you all.

Let’s go trade!