MaR Jan 2 2020

  • Post author:

First MaR for 2020. Happy New Year TRC.

New Positions:
None

Trade Zones:
RETA

Market Trend:
Bullish

Market 2019 YTD:
Nasdaq Composite +35.2% YTD
S&P 500 +28.9% YTD
Russell 2000 +24.0% YTD
Dow Jones Industrial Average +23.8% YTD

Market Volume:
NYSE Vol: 803M
Nasdaq Vol: 2.0B

Key U.S. News:
None

Comments:
The S&P 500 had advanced 0.3% on this New Year’s Eve, wrapping up a good 2019 with a 28.9% gain.

The Dow Jones Industrial Average, Nasdaq Composite, and Russell 2000 also increased 0.3% each to extend their yearly gains to 22.3%, 35.2%, and 23.7%, respectively.

Tuesday’s action was a tight ranged session lacking conviction before the year end. However, we did notice there was buying interest in the last hour of trading whch helped stocks close at session highs.

All 11 S&P 500 sectors finished in positive territory, with the materials (+0.8%), energy (+0.7%), and real estate (+0.6%) sectors advancing the most.

Lets go trade!