Market Report for Jul 28 2020

New Positions:
MSFT

Trade Zones:
ALRM
MYOV

Market Trend:
Up

Market YTD:
Nasdaq Composite +17.4% YTD
S&P 500 +0.3% YTD
Dow Jones Industrial Average -6.9% YTD
Russell 2000 -11.0% YTD

Market Volume:
NYSE Vol: 790 mln
Nasdaq Vol: 4.1 bln

Comments:
We can see the NYSE volume is back to normal levels but tech is still busy with Nasdaq volume more than usual. This alongside the sector summary indicates to us tech remains in demand.

The USD continues to weaken and metals to continue to rise. We had a positive start to the week.

With the Fed rate decision out on Wednesday, do not be too active in buying positions today.

Lets go trade!