Market Report for Mar 09 2020

Video length: 3.56 mins

New Positions:
None

Trade Zones:
DAVA
NOW
RGEN
VIPS

Market Trend:
Sideways

Market YTD:
Nasdaq Composite -4.4% YTD
S&P 500 -8.0% YTD
Dow Jones Industrial Average -9.4% YTD
Russell 2000 -13.1% YTD

Market Volume:
NYSE Vol: 1.61B
Nasdaq Vol: 4.26B

Key U.S. News:
None

Comments:
Stocks remain pressured by the expectation of a lack of growth due to the coronavirus. Actually, it’s not the coronavirus itself, it is just the uncertainty that surrounds the coronavirus. And this has caused the better than expected February jobs report to be completely overlooked by the market.

You may have not heard me say this in a while but for those seasoned Dynamic Traders, you will have heard me say this many times over the years. When there is nothing to do, do nothing.

If you do have a trade set up you want to take, be sure to reduce the risk.

Lets go trade!