Market Report for Feb 12 2020

New Positions:
TEAM

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite +7.4% YTD
S&P 500 +3.9% YTD
Dow Jones Industrial Average +2.6% YTD
Russell 2000 +0.5% YTD

Market Volume:
NYSE Vol: 835M
Nasdaq Vol: 2.4B

Key U.S. News:
EIA Crude Oil Inventories

Comments:
The S&P 500 and Nasdaq both closed at record highs. It was a fairly lacklustre session and as a result, we do not have much in the way of good trading candidates today, even though the session was bullish.

It seems the rate of new cases of the Coronavirus is reported to be slowing down as Fed Chair Powell testified before Congress stating they are closely monitoring the situation.

Lets go trade!