MaR Mar 03 2020

  • Post author:

Market Report for Mar 03 2020

New Positions:
None

Trade Zones:
AUDJPY
CDLX
EVER
VRS
ZM

Market Trend:
Sideways

Market YTD:
Nasdaq Composite -0.2% YTD
S&P 500 -4.4% YTD
Dow Jones Industrial Average -6.4% YTD
Russell 2000 -9.0% YTD

Market Volume:
NYSE Vol: 1.71B
Nasdaq Vol: 4.18B

Key U.S. News:
None

Comments:
A BuRPI with a close above DVI ends the session. This means the bias is bullish so buying can now be resumed but with reduced risk due to price dealing below 50MA. There are a few candidates in buying proximity zones but treated tentatively. We should also look at the Futures and premarket action.

If the market start to find strength again, be prepared. If the market uses any near term strength and a BrF, be prepared.

We have only two stocks trades remaining so will be looking to add to our portfolio from set-ups.

MAR Mar 03 2020

Lets go trade!