Market Report for Jul 09 2020
Be patient and let price come to you.
Nasdaq Composite +16.9% YTD
S&P 500 -1.9% YTD
Dow Jones Industrial Average -8.7% YTD
Russell 2000 -14.5% YTD
NYSE Vol: 1.0 bln
Nasdaq Vol: 4.0 bln
The majority of the buying came in the last hour of trading yesterday which also saw the Nasdaq Composite move up 1.4% and closed at another record high.
AAPL, MSFT and AMZN were strong throughout the session which provided strength on the Tech and Consumer Discretionary sectors.
We were triggered as a new trade into SFM at $25 AT support late into the session which was originally a DB formation and now morphing into an iH&S.
Lets go trade!