MaR May 05 2020

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Market Report for May 05 2020

New Positions:
None

Trade Zones:
GIS
LLY
MSCI
MOH
PODD
RCUS

Market Trend:
Up

Market YTD:
Nasdaq Composite -2.9% YTD
S&P 500 -12.0% YTD
Dow Jones Industrial Average -16.8% YTD
Russell 2000 -24.2% YTD

Market Volume:
NYSE Vol: 969M
Nasdaq Vol: 3.4B

Key U.S. News:
ISM Non-Manufacturing Index
Trade Balance

Comments:
The market opened weak but closed higher with BuRPIs. This is a good sign and expands on what we went through on yesterdays Level 3 webinar.

Energy and Tech were yesterdays leading sectors and Nasdaq is now just a few percent away from eradicating the losses of this year. The other indices all still have double-digit percentage losses still.

As of 5.30am UK time, Dow Futures is +209.

MAR May 05 2020

Lets go trade!