MaR Mar 17 2020

  • Post author:

Hi ,

Market Report for Mar 17 2020

New Positions:
None

Stock Trade Zones:
None

FX Trade Zones:

FX SURE Mar 17 2020

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!