Market Report for Nov 15 2020
Let the market tell you what the next move should be.
Video length: 42 mins
Nasdaq Composite +31.8% YTD
S&P 500 +11.0% YTD
Russell 2000 +4.5% YTD
Dow Jones Industrial Average +3.3% YTD
NYSE Vol: 887 mln (B)
Nasdaq Vol: 3.6 bln (A)
Portfolio % of Return:
FX & Comms: +2.25 +0.77
We should expect a PB based on immediate resistance and weekly Doji on S&P 500 and Dow Jones Industrial Average. The Nasdaq 100 may be the area that muscles up strength once again if that happens. If price breaks above the high of the weekly Doji, we can assume more strength is likely from that point.
As per the video, a rotation may be on the cards but not to where you might think money is flowing too.
We will look to buy when and where it is appropriate which will be dictated by price action this week.
Let’s go trade!