MaR May 06 2020

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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.

MAR May 06 2020

Lets go trade!