New Positions:
None
Trade Zones:
Stand aside on Monday
Market Trend:
Up
Market YTD:
Nasdaq Composite +3.8% YTD
S&P 500 +2.0% YTD
Dow Jones Industrial Average +1.6% YTD
Russell 2000 -0.4% YTD
Market Volume:
NYSE Vol: 871M
Nasdaq Vol: 2.5B
Key U.S. News:
New Home Sales
Comments:
Stock market retreated after a second confirmed case of coronavirus in the U.S. A pullback is not unusual but we need to wait for Monday to see where we go from here. BuF, breather, consolidation or will Friday be forgotten and price moves straight back up.
INTC and AXP rise on strong Earnings as we prepare for next weeks reports from companies such as AAPL, MCD, MA, MSFT, FB, T, BA, KO, V, AMZN
And we have continued weakness in energy stocks and oil prices.
Lets go trade!