Market Report for Nov 19 2020
LMB – note this is less than $15 stock
Nasdaq Composite +31.5% YTD
S&P 500 +10.4% YTD
Russell 2000 +6.0% YTD
Dow Jones Industrial Average +3.2% YTD
NYSE Vol: 990 mln (A)
Nasdaq Vol: 4.6 bln (A)
Portfolio % of Return:
FX & Comms: +2.25 +Gold
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!