Market Report for Jun 03 2020

New Positions:
None

Trade Zones:
CHWY
FNV
QRVO

Market Trend:
Up

Market YTD:
Nasdaq Composite +7.1% YTD
S&P 500 -4.6% YTD
Dow Jones Industrial Average -9.8% YTD
Russell 2000 -15.0% YTD

Market Volume:
NYSE Vol: 1.0B
Nasdaq Vol: 3.9B

Comments:
The gains from yesterday possibly reflected the economy reopening enthusiasm again but the price action has been described as a “pain trade” due to under allocated investors since the market move up from March 23 lows.

Looks like many have been awestruck by the market’s furious rally from those lows that many are now just chasing the trade to not completely miss out. An error compounded does not always even itself out and it is something we have shows you guys not to do.

Let price come to you.

Lets go trade!