MaR Jan 3 2020

  • Post author:

New Positions:
BWXT
IPHI

Trade Zones:
KLAC
RGEN
TDY

Market Trend:
Up

Market YTD:
Nasdaq Composite +1.3% YTD
Dow Jones Industrial Average +1.2% YTD
S&P 500 +0.8% YTD
Russell 2000 -0.1% YTD

Market Volume:
NYSE Vol: 863M
Nasdaq Vol: 2.2B

Key U.S. News:
EIA Crude Oil Inventories

Comments:
Heavier than normal volume of the markets on Thursday.

The market extends rally into 2020 with large caps but small caps underperformed.

Longer-dated U.S. Treasuries found strength but still below their DVIs.

In this short week, as today is the last trading day, we will be standing aside due to the potential for low volume or profit-taking.

Have a good prekend.

Lets go trade!