MaR Jan 8 2020

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New Positions:

Trade Zones:
Stand aside

Market Trend:

Market YTD:
Nasdaq Composite +1.1% YTD
S&P 500 +0.2% YTD
Dow Jones Industrial Average +0.2% YTD
Russell 2000 -0.6% YTD

Market Volume:
NYSE Vol: 792M
Nasdaq Vol: 2.8B

Key U.S. News:
EIA Crude Oil Inventories

The market closed slightly lower amid lingering geopolitical tension and uncertainty.

With the news overnight that Iran allegedly fired missiles at U.S. military bases in Iraq, it is best to stay out of the market today.

We will also look to trim positions by removing stocks that are doing nothing.

The tone today will probably be set on the pre-market so watch for David’s Future report.

MaR Jan 8 2020

Lets go trade!