MaR Feb 05 2020

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Market Report for Feb 05 2020

New Positions:

Trade Zones:

Market Trend:

Market YTD:
Nasdaq Composite +5.5% YTD
S&P 500 +2.1% YTD
Dow Jones Industrial Average +0.9% YTD
Russell 2000 -0.7% YTD

Market Volume:
NYSE Vol: 934M
Nasdaq Vol: 2.4B

Key U.S. News:
ISM Non-Manufacturing Index
EIA Natural Gas Inventories

Stocks rally on a risk on trading day.

As always, shortly after a buy the dip moment, the market is at its most precarious so during this time we need to see more money come in to move the market. However, the difficulty right now is we have NFP on Friday so we should also be expecting low levels of volume from Thursday. The safer bet is to stand aside and just watch the market action.

MaR Feb 5 2020

Lets go trade!