Market Report for Jun 09 2020
Nasdaq Composite +10.9% YTD
S&P 500 -0.7% YTD
Dow Jones Industrial Average -4.4% YTD
Russell 2000 -9.7% YTD
NYSE Vol: 1.2B
Nasdaq Vol: 5.2B
I mentioned previously that volatility levels may start to increase and if we continue the uptrend, it will be a bumper ride as it unfolds.
The S&P 500, Dow and Russell 2000 all eased back from recent gains while the Nasdaq closed at another record high.
We will continue to buy into the market but with a little more caution until the resistance zone is taken out on all the major averages. That means maybe reducing the position sizing on new trades.
Lets go trade!