MaR Jan 21 2020

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Video length: 2.40 mins

New Positions:
None

Trade Zones:
CVS
SKX
ZBRA

Market Trend:
Up

Market YTD:
Nasdaq Composite +4.6% YTD
S&P 500 +3.1% YTD
Dow Jones Industrial Average +2.8% YTD
Russell 2000 +1.9% YTD

Market Volume:
NYSE Vol: 988M
Nasdaq Vol: 2.3B

Key U.S. News:
None

Comments:
The stock market closed at fresh record highs on a continuation of trends.

The market looks like it still has legs but be cautious of any pullback that could occur after January.

ATHs are great for continuations as there is no resistance above. However, the flip side is the support may be distant and weak, depending on the recent momentum that was displayed. Good momentum leaves fewer CATs behind.

Markets are closed on Monday so we have an extended weekend so go enjoy the next few days.

MaR Jan 18 2020

Lets go trade!