Market Report for May 06 2020

New Positions:
None

Trade Zones:
EA
EVER
RGEN – Earnings due today
TREX

Market Trend:
Up

Market YTD:
Nasdaq Composite -1.8% YTD
S&P 500 -11.2% YTD
Dow Jones Industrial Average -16.3% YTD
Russell 2000 -23.7% YTD

Market Volume:
NYSE Vol: 927M
Nasdaq Vol: 3.9B

Key U.S. News:
ADP Employment Change
EIA Crude Oil Inventories
MBA Mortgage Applications Index

Comments:
While the market closed higher, we have Dojis across the board. A breakout above this will nullify the pattern but as of now, it is indicating weakness for today.

As of 6am, Dow Futures is just slightly positive.

Lets go trade!