MaR Nov 19 2020

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Market Report for Nov 19 2020

Create a state of mind that is not affected by the movement in markets

Trade Zones:
LMB – note this is less than $15 stock

Market Trend:
Up

Market YTD:
Nasdaq Composite +31.5% YTD
S&P 500 +10.4% YTD
Russell 2000 +6.0% YTD
Dow Jones Industrial Average +3.2% YTD

Market Volume:
NYSE Vol: 990 mln (A)
Nasdaq Vol: 4.6 bln (A)

New Positions:
None

Portfolio % of Return:
Stocks: +828.01
FX & Comms: +2.25 +Gold

PORT Nov 19 2020

Comments:
A sell-off in the last few hours of mainly the S&P 500 and Dow Jones Industrial Average but also some selling in the Nasdaq Composite on Wednesday’s session. Volume was above average but not too heavy.

We are still in that noisy period I mentioned we might enter into at the weekend based on price formation for last week.

What happened to some of our stocks.

TSLA is getting close to breaking out.
SPCE is testing the upper range of the bracket.
DKNG is testing d50MA
BL is in a squeeze wanting to BO
NIO had a nothing day with a minuscule Doji is sideways price action

Be patient and wait for opportunities.

Let’s go trade!