MaR Nov 11 2020

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Market Report for Nov 11 2020

Dont speculate

Look after your money. Don’t buy based on speculation. Use CoE a reason to invest your money into a stock.

Trade Zones:
Standing aside

Market Trend:

Market YTD:
Nasdaq Composite +28.8% YTD
S&P 500 +9.7% YTD
Dow Jones Industrial Average +3.1% YTD
Russell 2000 +4.1% YTD

Market Volume:
NYSE Vol: 1.2 bln (A)
Nasdaq Vol: 4.6 bln (A)

New Positions:
Gold @1875

Portfolio % of Return:
Stocks: +586.79
FX & Comms: +2.25

The energy sector was the best performer while technology was the worst. For energy, two out of three days it has been sitting pretty.

As the market continued to mix it up on Tuesday, we are waiting on the sidelines to determine if this change from growth to value is genuine or temporary. We never jump in on first sign of everyone doing the same thing as this is often the wrong decision and we will not buy on overstretched bars (unless inadvertently filled with limit orders).

What we need is for the price to create a neat BuF in the areas money has moved into to provide confidence there is a real trend emerging. Until then, we will continue to watch. Part of watching will inevitably entail price move up without us but if it is a good trend, it should last for months so not catching the beginning is acceptable during rotation periods.

We know from the weekend webinars which sectors were beginning to show strength. So we have a plan but we can always change that plan as long as it is thought out and not done in panic.

PORT Nov 11 2020

Let’s go trade!