MaR Jun 25 2020

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Market Report for Jun 25 2020

What strategy to use when

New Positions:
None

Trade Zones:
Stand aside

Market Trend:
Up

Market YTD:
Nasdaq Composite +10.4% YTD
S&P 500 -5.6% YTD
Dow Jones Industrial Average -10.8% YTD
Russell 2000 -16.7% YTD

Market Volume:
NYSE Vol: 1.1 bln
Nasdaq Vol: 5.5 bln

Comments:
The market declines more than 2% amid renewed coronavirus concerns and the impact on reopening activity or perhaps the market just wanted a breather. For the moment the S&P 500 managed to stay above its DVI and RN. All sectors closed lower.

We have taken some profits on ZM, MSFT and BYND and will take some elsewhere if a decline continues. We will also look to exit AUDC if price does not turnaround.

PORT Jun 25 2020

Lets go trade!