MaR Jun 24 2020

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Market Report for Jun 24 2020

Believe

The market does not care about your opinion and the market is always right. An example if the above is the recent hedge funds arguing with the uptrend on TSLA only to lose Billions. Don’t try and fight the market, just go with the trend.

New Positions:
None

Trade Zones:
ACAD
ARES
MRSN
MYOV
TWST

Market Trend:
Up

Market YTD:
Nasdaq Composite +12.9% YTD
S&P 500 -3.1% YTD
Dow Jones Industrial Average -8.4% YTD
Russell 2000 -13.7% YTD

Market Volume:
NYSE Vol: 1.0 bln
Nasdaq Vol: 5.6 bln

Comments:
The market closes higher but near session lows and Nasdaq does set a new record high. The small size candles indicate a tight range trading session with a sell-off in the last hour.

PORT Jun 24 2020

Lets go trade!