MaR Mar 10 2020

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Market Report for Mar 10 2020

New Positions:
AUDCAD
GBPCAD

Trade Zones:
None. Stand aside.

Market Trend:
Sideways

Market YTD:
Nasdaq Composite -11.4% YTD
S&P 500 -15.0% YTD
Dow Jones Industrial Average -16.4% YTD
Russell 2000 -21.3% YTD

Market Volume:
NYSE Vol: 2.1B
Nasdaq Vol: 4.5B

Key U.S. News:
None

Comments:
What a volatile day. The stock market closes down more than 7%. The S&P 500 triggers circuit breaker after falling 7.0% shortly after the open, temporarily halted for 15 minutes at NYSE. And Saudi Arabia launches a price war by cutting oil prices and signalling production boosts. In addition, the Treasury yields drop to unprecedented levels.

On Feb 28 2020 we moved into CPM and will stay like that as long as volatility levels are high and the market is above WVI and below DVI.

MAR Mar 10 2020

Lets go trade!