Market Report for Nov 06 2020
Nasdaq Composite +32.5% YTD
S&P 500 +8.7% YTD
Dow Jones Industrial Average -0.5% YTD
Russell 2000 -0.5% YTD
NYSE Vol: 928 mln
Nasdaq Vol: 3.8 bln
Portfolio % of Return:
FX & Comms: +2.25
Thursday saw a continuation of the market rally. All sectors were positive except Energy which closed flat.
The gains were not specific to tech and were broad-based with value stocks enjoying some of the spoils.
NIO has almost doubled since entering the position almost a month ago. We made an exception to our rule and entered a position in BABA which is one we have stalked for a while but more so recently with the pullback to 50MA.
NFP today so have a happy prekend everyone.
Let’s go trade!