MaR Jan 15 2020

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New Positions:

Trade Zones:
Stand aside

Market Trend:

Market YTD:
Nasdaq Composite +3.1% YTD
S&P 500 +1.6% YTD
Dow Jones Industrial Average +1.4% YTD
Russell 2000 +0.4% YTD

Market Volume:
NYSE Vol: 916M
Nasdaq Vol: 2.5B

Key U.S. News:
Core PPI
EIA Crude Oil Inventories

The market set new intraday highs yesterday but gives back gains during the second half of the session.

We are in Earnings season and JPMorgan Chase, Citigroup and Delta Air Lines have positive earnings results but Wells Fargo disappointed investors.

And like in Jaws, just when we thought it was safe to go back into the water. Tariffs are back in the news. The U.S. will reportedly keep existing tariffs on Chinese imports for at least ten months.

Stand aside today and wait for either a pullback or breakout.

MaR Jan 15 2020

Lets go trade!