MaR Mar 13 2020

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Market Report for Mar 13 2020

New Positions:
AUDUSD short @0.6306

Trade Zones:
FX SURE Mar 13 2020

Market Trend:
Sideways – bearish

Market YTD:
Nasdaq Composite -19.7% YTD
S&P 500 -23.2% YTD
Dow Jones Industrial Average -25.7% YTD
Russell 2000 -32.7% YTD

Market Volume:
NYSE Vol: 2.2B
Nasdaq Vol: 5B

Key U.S. News:
None

Comments:
These volume levels are phenomenal. Stock market deepened losses by more than 9%

Economic slowdown concerns heightened after the President suspended travel from mainland Europe for 30 days.

And we had a 15 minute stoppage after S&P 500 falls 7.0% for the second time this week. Based on these levels of volatility, volume and selling, we may well see more of these circuit breakers coming into effect.

Our current stock is only ZM. At the time of writing this post (6am GMT), we also hold Gold and short on AUDUSD. USDCAD long and AUDUSD short both exited yesterday with profits.

Lets go trade!