MaR Nov 17 2020

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Market Report for Nov 17 2020

Most traders are often optimistic and pessimistic at precisely the wrong times

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite +32.9% YTD
S&P 500 +12.3% YTD
Russell 2000 +7.0% YTD
Dow Jones Industrial Average +5.0% YTD

Market Volume:
NYSE Vol: 1.1 bln (A)
Nasdaq Vol: 4.1 bln (A)

New Positions:
None

Portfolio % of Return:
Stocks: +729.23
FX & Comms: +2.25 + Gold

PORT Nov 17 2020

Comments:
The S&P 500 and laggards (Dow Jones Industrial Average and Russell 2000) closed at record highs on Monday. The catalyst for value stocks and as mentioned in this weekends webinar, small caps was MRNA reporting their vaccine was 94.5% effective.

Energy was the best performer while health care had a slightly negative day at the bottom of the pile.

We are waiting and watching for opportunities to enter positions in this market.

Let’s go trade!