MaR Jan 25 2020

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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.

MaR Jan 25 2020

Lets go trade!