Market Report for Mar 31 2020

New Positions:
None

Trade Zones:
Standing aside

Market Trend:
Sideways

Market YTD:
Nasdaq Composite: -13.4%
S&P 500: -18.7%
Dow Jones Industrial Average: -21.8%
Russell 2000: -30.6%

Market Volume:
NYSE Vol: 1.2B
Nasdaq Vol: 3.8B

Key U.S. News:
Consumer Confidence

Comments:
The week started off with a 3% gain. So far so good but price is still below the WVI so we need that zone to be taken out and preferably retested.

FX has quietened down a little so some patience and standing aside is likely to be required this week as we also have NFP on Friday so volatility is assured.

Lets go trade!