Market Report for Jul 10 2020

New Positions:
WORK @33.20

Trade Zones:
LULU
TRU
UI
WPM

Market Trend:
Up

Market YTD:
Nasdaq Composite +17.6% YTD
S&P 500 -2.4% YTD
Dow Jones Industrial Average -9.9% YTD
Russell 2000 -16.2% YTD

Market Volume:
NYSE Vol: 972 mln
Nasdaq Vol: 4.0 bln

Comments:
Our concentration from the start of the bull run has been in tech. Nasdaq Composite was the only gainer yesterday as the mage-cap tech stocks continues to pull their weight. A weak performance by S&P 500 and Dow Jones.

WTI crude drops to below $40 per barrel and Gold pulls back slightly from  9 year high.

We might see profit-taking today so standing aside until Monday is very acceptable.

Don’t forget to tune into the weekly webinar on Sunday at 10am BST.

Lets go trade!