MaR May 22 2020

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Market Report for May 22 2020

MAR May 22 2020

New Positions:
None

Trade Zones:
Standing aside

Market Trend:
Up

Market YTD:
Nasdaq Composite +3.5% YTD
S&P 500 -8.7% YTD
Dow Jones Industrial Average -14.2% YTD
Russell 2000 -19.2% YTD

Market Volume:
NYSE Vol: 976M
Nasdaq Vol: 3.7B

Comments:
Weak economic data and fresh increase in US-China relations saw reasons for the S&P 500 trim the weekly gains. On a technical level, the bulls holding back sizing too heavily prior to the DVI forced the major averages to decline. The biggest loser was Energy.

Lets go trade!