MaR Mar 31 2020

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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.

MaR Mar 31 2020

Lets go trade!