MaR Nov 18 2020

  • Post author:

Market Report for Nov 18 2020

Stocks can rise in a bear market and fall in a bull market

Trade Zones:
None

Market Trend:
Up

Market YTD:

Nasdaq Composite +32.6% YTD
S&P 500 +11.7% YTD
Russell 2000 +7.4% YTD
Dow Jones Industrial Average +4.4% YTD

Market Volume:
NYSE Vol: 955 mln (B)
Nasdaq Vol: 4.1 bln (A)

New Positions:
TDOC

Portfolio % of Return:
Stocks: +807.14
FX & Comms: +2.25 + Gold

PORT Nov 18 2020

Comments:
We have not broken above the weekly Doji as yet so there is still a reason for concern of a PB. The Nasdaq Composite was back on top on Tuesday’s session while energy also enjoyed the high-level views.

NIO earnings were good but as we know, earnings are often a gamble and the market had a muted reaction to the report.

Today is a stand aside day. We want to let the market indicate its intention and we can then make our move.

Let’s go trade!