MaR Jul 01 2020

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Market Report for Jul 01 2020

Pullback to reversal

New Positions:
None

Trade Zones:
BRKS
HOLX
IPHI

Market Trend:
Up

Market YTD:
Nasdaq Composite +12.1% YTD
S&P 500 -4.0% YTD
Dow Jones Industrial Average -9.6% YTD
Russell 2000 -13.6% YTD

Market Volume:
NYSE Vol: 1.2 bln
Nasdaq Vol: 4.4 bln

Comments:
We are now halfway through the year and the Dow had its best quarter since 1987 with a 17.8% gain. The S&P gained 20% which is its best quarter since 1998. And Nasdaq gained a massive 30.6% which is its best quarter since 1999.

I mentioned yesterday to consider buying at support. If you take a look at AMD in your charting software, this was the kind of candidate based on that logic I was referring to.

NFP is due out on Thursday and with a holiday on Friday, we can start to wind down for the week after today.

PORT Jul 01 2020

Lets go trade!