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!