MaR Mar 23 2020

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Market Report for Mar 23 2020

New Positions:
None

Trade Zones:
None

20200323 FX Perfomance

20200323 FX Perfomance 2

Market Trend:
Sideways

Market YTD:
Nasdaq Composite: -23.3%
S&P 500: -28.7%
Dow Jones Industrial Average: -32.8%
Russell 2000: -39.2%

Market Volume:
NYSE Vol: 2.7B
Nasdaq Vol: 5.2B

Key U.S. News:
None

Comments:
Stock market loses 4% as economies continue to shut down to deal with the pandemic. Heavy volume on Friday but this will part be due to the quadruple witching. There is likely to be a second leg down on this market so be prepared to see more red across the board.

The Forex market is where our focus should continue to be. Look for the bounce off support/resistance in the direction of the trends.

Lets go trade!