Market Report for Mar 26 2020
New Stock Positions:
None
New FX Positions:
NZDCAD short
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!