MaR Jan 22 2020

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Video length: 2.10 mins

New Positions:
None

Trade Zones:
BLD
CMC

Market Trend:
Up

Market YTD:
Nasdaq Composite +4.4% YTD
S&P 500 +2.8% YTD
Dow Jones Industrial Average +2.3% YTD
Russell 2000 +1.0% YTD

Market Volume:
NYSE Vol: 1.1B
Nasdaq Vol: 2.5B

Key U.S. News:
Existing Home Sales

Comments:
Heavy volume on the markets yesterday but closed lower mainly.

Fear that the coronavirus outbreak might slow down economic activity due to weakness in the transportation space.

And also Boeing reported it isn’t expecting to get regulatory approval for 737 MAX until mid-2020.

MaR Jan 22 2020

Lets go trade!