Market Report for Mar 24 2020

New Positions:
None

Trade Zones:
None for stocks

Market Trend:
Sideways

Market YTD:
Nasdaq Composite: -23.5%
S&P 500: -30.8%
Dow Jones Industrial Average: -34.9%
Russell 2000: -39.9%

Market Volume:
NYSE Vol: 1.6B
Nasdaq Vol: 4.3B

Key U.S. News:
New Home Sales

Comments:
Broad-based selling, although the consumer discretionary sector did close higher. Volume decreased a little but still not a trading market.

Look for broad-based Dollar strength and the same for Gold if the stock market finds further weakness. With yesterdays strength, use the overnight highs as reference points for price not to breach otherwise we might see some near term Dollar weakness.

Lets go trade!