Market Report for Feb 21 2020

New Positions:
MTCH

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite +8.7% YTD
S&P 500 +4.4% YTD
Dow Jones Industrial Average +2.4% YTD
Russell 2000 +1.7% YTD

Market Volume:
NYSE Vol: 740M
Nasdaq Vol: 2.4B

Key U.S. News:
Existing Home Sales

Comments:
Market pulled back from record highs on Thursday’s session but some big money investors looked to have bought into that intra-day dip just before lunchtime moving the market up off the session lows.

Gold continued to rally and is up so far this morning.

No changes to our portfolio as yet but as today is Friday, expect some selling to take place as traders begin to close off their positions to remove risk over the weekend.

As a result, we have no new candidates for today.

Lets go trade!