MaR Jul 30 2020

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Market Report for Jul 30 2020

Measuring trading progression

New Positions:
None

Trade Zones:
ACMR
EVER
FUTU

Market Trend:
Up

Market YTD:
Nasdaq Composite +17.5% YTD
S&P 500 +0.9% YTD
Dow Jones Industrial Average -7.0% YTD
Russell 2000 -10.1% YTD

Market Volume:
NYSE Vol: 861 mln
Nasdaq Vol: 3.9 bln

Comments:
Investors were pleased with the Feds decision and didn’t seem too concerned with the antitrust hearing for AAPL, AMZN, FB and MSFT.

Markets had a bullish day with Nasdaq the strongest for the session at 1.35%. AMD was our biggest gainer and SFM gained a little post-market after earnings. AUDC and NFLX were our two bearish stocks close -0.86% and -0.75% respectively.

We are not aggressively buying into the market due to earnings season but are continuing to look for opportunities.

PORT Jul 30 2020

Lets go trade!