MaR Mar 26 2020

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Market Report for Mar 26 2020

New Stock Positions:
None

New FX Positions:
NZDCAD short

20200325 FX Perfomance

20200325 FX Perfomance B

Stock Trade Zones:
Still standing aside 

Market Trend:
Sideways

Market YTD:
Nasdaq Composite: -17.7%
S&P 500: -23.4%
Dow Jones Industrial Average: -25.7%
Russell 2000: -33.5%

Market Volume:
NYSE Vol: 1.8B
Nasdaq Vol: 6.6B

Key U.S. News:
None

Comments:
Volume is high (courtesy of Boeing) and the market moved up again yesterday but I can’t help but think this might be a snapback in overall weakness. While we can’t predict the market, it makes little sense for the market to move up based on the coronavirus still at large so we are being cautious with this market.

FX continues to move so look to this area for your trading. You only need to make one good decision a day so traders may want to focus on just one or two trades.

Lets go trade!