MaR Jun 10 2020

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Market Report for Jun 09 2020

Wise man

New Positions:
None

Trade Zones:
BAND
DT
PRLB
WING

Market Trend:
Up

Market YTD:
Nasdaq Composite +10.9% YTD
S&P 500 -0.7% YTD
Dow Jones Industrial Average -4.4% YTD
Russell 2000 -9.7% YTD

Market Volume:
NYSE Vol: 1.2B
Nasdaq Vol: 5.2B

Comments:
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.

PORT Jun 10 2020

Lets go trade!