MaR Jan 23 2020

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New Positions:
BLD
CMC

Trade Zones:
FLT
ROCK

Market Trend:
Up

Market YTD:
Nasdaq Composite +4.6% YTD
S&P 500 +2.8% YTD
Dow Jones Industrial Average +2.3% YTD
Russell 2000 +1.0% YTD

Market Volume:
NYSE Vol: 864 M
Nasdaq Vol: 2.7 B

Key U.S. News:
EIA Crude Oil Inventories

Comments:
With the market hitting new highs in early action yesterday, it provided belief we could see strength from here but stocks lost steam throughout the day.

There was no reason for the lack of continuation in terms of news. Better than expected home sales for December provided a catalyst but the market did not sustain the upbeat mood as the day went on.

Depending on how Futures is later today, it might be best to stand aside and wait for new set ups in case the market takes a little rest form here.

MaR Jan 23 2020

Lets go trade!