Hi ,
Market Report for Mar 17 2020
New Positions:
None
Stock Trade Zones:
None
FX Trade Zones:
Stock Market Trend:
Sideways
Stock Market YTD:
Nasdaq Composite: -23.0%
S&P 500: -26.1%
Dow Jones Industrial Average: -31.7%
Russell 2000: -41.8%
Stock Market Volume:
NYSE Vol: 1.89B
Nasdaq Vol: 4.50B
Key U.S. News:
Retail Sales
Retail Sales Ex Auto
Comments:
The Dow has its worst day since 1987 closing -2997.10 points / -12.93% lower.
There have been suggestions the U.S. economy is sliding towards a shutdown, closing the stock exchange and businesses to tackle the coronavirus. This would severely affect Earnings this year and will also raise the chance of a recession in the coming months.
Cash is King.
Lets go trade!