MaR Nov 06 2020

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Market Report for Nov 06 2020

There are no shortcuts to making money from the markets but there are smart ways to go about it

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite +32.5% YTD
S&P 500 +8.7% YTD
Dow Jones Industrial Average -0.5% YTD
Russell 2000 -0.5% YTD

Market Volume:
NYSE Vol: 928 mln
Nasdaq Vol: 3.8 bln

New Positions:
BABA @287.82

Portfolio % of Return:
Stocks: +858.39
FX & Comms: +2.25

PORT Nov 06 2020

Comments:
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!