MaR Jan 30 2020

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New Positions:

Trade Zones:
Standing aside

Market Trend:

Market YTD:
Nasdaq Composite +3.4% YTD
S&P 500 +1.3% YTD
Dow Jones Industrial Average +0.7% YTD
Russell 2000 -1.2% YTD

Market Volume:
NYSE Vol: 826M
Nasdaq Vol: 2.2B

Key U.S. News:

With the possibility of a BrF for the S&P 500, Dow Jones 30 and Nasdaq Composite, we should now stand aside until either a bounce from their 50MA or if price moves into a consolidation period, a breakout. The consolidation is beginning to look more likely but Earnings might help the markets find strength.

AAPL and FB down overnight even though AAPL beat by +0.45. Unfortunately, FB missed by -0.02.

TSLA beat consensus by +1.53 and those hedge funds shorting this stock will surely now need to rethink their strategy.

MaR Jan 30 2020

Lets go trade!