Market Report for Feb 24 2020

Video length: 3.34 mins

New Positions:
None

Trade Zones:
BMY
IBP
NUVA
NVDA
PKI
PLMR
RGEN
ZM

Market Trend:
Up

Market YTD:
Nasdaq Composite +6.7% YTD
S&P 500 +3.3% YTD
Dow Jones Industrial Average +1.6% YTD
Russell 2000 +0.6% YTD

Market Volume:
NYSE Vol: 1.1B
Nasdaq Vol: 2.7B

Key U.S. News:
None

Comments:
Coronavirus may have been the reason for more selling on Friday. Volume was high on NYSE and Nasdaq (see above) so we should tread cautiously. However, S&P 500 closed at support so there is a glimmer of light for this week. A breach of this may see selling into the support zone of 3300-3275.

Lets go trade!