MaR Jun 02 2020

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Market Report for Jun 02 2020

MAR Jun 02 2020

New Positions:
None

Trade Zones:
AMT
SEDG

Market Trend:
Up

Market YTD:
Nasdaq Composite +6.5% YTD
S&P 500 -5.4% YTD
Dow Jones Industrial Average -10.7% YTD
Russell 2000 -15.8% YTD

Market Volume:
NYSE Vol: 904M
Nasdaq Vol: 3.8B

Comments:
NYSE volume is back to normal but Nasdaq is still experiencing higher than normal volume. I don’t know if this is the new normal but it might just be a lot of buying still taking place in tech.

Small-caps, financials, airlines, cruise lines, and energy stocks among the biggest gainers on Monday’s session.

The markets jobs is to take the least number of investors up with it so we are probably not far from tree shaking now that the opinions of the retail traders may be changing due to the S&P 500 moving above the DVI. Remember the retail traders are always late to the game and often exit at the worst possible point. Dynamic Traders be prepared for any increase in volatility.

ZM has earnings due out after the market close today.

As of 3am UK, Dow Futures is -150.

PORT Jun 02 2020

Lets go trade!