MaR May 20 2020

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Market Report for May 20 2020

MAR May 20 2020

New Positions:
None

Trade Zones:
EVER
W

Market Trend:
Up

Market YTD:
Nasdaq Composite +2.4% YTD
S&P 500 -9.5% YTD
Dow Jones Industrial Average -15.2% YTD
Russell 2000 -21.6% YTD

Market Volume:
NYSE Vol: 875M
Nasdaq Vol: 4.1B

Key U.S. News:
EIA Crude Oil Inventories

Comments:
Stocks slip and many end close to session lows. The S&P 500 has yet to break the DVI and yesterdays bar takes price back to the current resistance with an IB. The market is still bullish currently.

Our only bullish position yesterday was ZM that moved up 5.5%. All other positions were down less than 1%, except PETS which stopped out at entry yesterday. We will consider a re-entry if price reached 50MA once again.

Lets go trade!