MaR Jul 16 2020

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Market Report for Jul 16 2020

Difficult trading

New Positions:
None

Trade Zones:
Standing aside

Market Trend:
Up

Market YTD:
Nasdaq Composite +17.6% YTD
S&P 500 -0.1% YTD
Dow Jones Industrial Average -5.9% YTD
Russell 2000 -11.4% YTD

Market Volume:
NYSE Vol: 951 mln
Nasdaq Vol: 4.5 bln

Comments:
A choppy trading session on Wednesday but as mentioned, we will have more noise in this market right now.

All sectors were positive except Utilities which was slightly negative in 11th place. Tech was the 8th best performer.

China Q2 GBP expands by 3.2% Y/Y which beat the consensus of 2.5%.

Earnings are due out for NFLX today.

It’s a stand aside day.

PORT Jul 16 2020

Lets go trade!