MaR Dec 29 2020

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Market Report for Dec 29 2020

A good trade is not the same as good trading. Focus on good trading.

Market Trend:
Up

Market YTD:
Nasdaq Composite +43.8% YTD
Russell 2000 +19.7% YTD
S&P 500 +15.6% YTD
Dow Jones Industrial Average +6.5% YTD

Market Volume:
NYSE Vol: 734 mln (B)
Nasdaq Vol: 5 bln (A)

New Positions:
None

Growth Portfolio % of Return:
Stocks: +1791.97
FX & Comms: -5.25

PORT Dec 29 2020

Comments:
We were standing aside yesterday as tree shaking was the order of the day. Remember, the market moves up with the least number of investors on board.

Finally, an end to the stimulus saga with the President signing off $900 bln.

Volume levels were not high meaning investors were cautious but felt the need for some investment and that investment was in large-cap.

Our biggest gainer was FB at 3.59%.

Our biggest loser was OPEN at 10.38%.

Futures are up as of 5am GMT / 12am EST.

Let’s go trade!