Market Report for Nov 18 2020
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
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!