MaR Jun 30 2020

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Market Report for Jun 30 2020

Unlike school

Learn from the lessons the market teaches you as you develop as a Dynamic Trader. 

New Positions:
None

Trade Zones:
BLDP
CREE
THO

Market Trend:
Up

Market YTD:
Nasdaq Composite +10.1% YTD
S&P 500 -5.5% YTD
Dow Jones Industrial Average -10.3% YTD
Russell 2000 -14.8% YTD

Market Volume:
NYSE Vol: 965 mln
Nasdaq Vol: 4.3 bln

Comments:
As the quarter comes to an end, rebalancing would often start to come into play but with July 4th a few days away, as I mentioned in the weekend webinar, the market may continue to push up.

The S&P 500 has managed to recoup some of last weeks decline but the performance was surpassed by the Dow 30 and Russell 2k. Nasdaq Composite underperformed by moving up only +1.2%.

As the number of companies refraining from advertising on FB has been growing, the stock came under pressure at the start of the session but closed higher than Friday by the end of the session.

NFP is out on Friday so do any buying earlier in the week rather than later.

PORT Jun 30 2020

Lets go trade!