Market Report for May 12 2020

New Positions:
None

Trade Zones:
ANET
DG
PETS

Market Trend:
Up

Market YTD:
Nasdaq Composite +2.5% YTD
S&P 500 -9.3% YTD
Dow Jones Industrial Average -15.1% YTD
Russell 2000 -20.8% YTD

Market Volume:
NYSE Vol: 1B
Nasdaq Vol: 3.9B

Key U.S. News:
CPI
Core CPI

Comments:
The S&P 500 behaved in a resilient manner and closed the session flat, yet 15 of the 25 stocks we discussed on the weekend webinar turned bullish yesterday. Now we wait to see if the market has a follow-through on yesterdays momentum.

Lets go trade!