MaR Jun 05 2020

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Market Report for Jun 05 2020

Common indicators

New Positions:
None

Trade Zones:
NFP so stand aside

Market Trend:
Up

Market YTD:
Nasdaq Composite +7.2% YTD
S&P 500 -3.7% YTD
Dow Jones Industrial Average -7.9% YTD
Russell 2000 -13.0% YTD

Market Volume:
NYSE Vol: 1.2B
Nasdaq Vol: 6B

Key U.S. News:
NFP

Comments:
As I mentioned previously, volume levels have been quietly increasing and today it is very evident as you can see from above. With only the Dow Jones ending the session positive, that means volume has been a mix of buying and selling with the latter being slightly more. I also mentioned in the last week that we will start to see more tree shaking so do watch out for that.

We have not taken any new positions in over a week and will wait to see the outcome of today’s NFP before considering entering more trades.

As of 6am BST, Dow Futures is +180.

Have a good weekend.

MAR Jun 05 2020

Lets go trade!