Market Report for Jul 29 2020

New Positions:
None

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite +15.9% YTD
S&P 500 -0.4% YTD
Dow Jones Industrial Average -7.6% YTD
Russell 2000 -11.9% YTD

Market Volume:
NYSE Vol: 725 mln
Nasdaq Vol: 3.8 bln

Comments:
Further to this weekends webinar, yesterday we had noise in the market and pullbacks started to occur. Again, as mentioned in the webinar, how you treat this should’ve something you have decided before the situation occurs.

Today is the Fed rate decision so stand aside and watch the volatility.

We will not be looking for any new positions today.

AMD moved up 10% overnight after beating earnings.

Lets go trade!