MaR Nov 20 2020

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Market Report for Nov 20 2020

Don't watch the markets intraday microscopic moves. You will overtrade and worse, close good positions too early

Trade Zones:

Market Trend:

Market YTD:
Nasdaq Composite +32.7% YTD
S&P 500 +10.9% YTD
Russell 2000 +6.9% YTD
Dow Jones Industrial Average +3.3% YTD

Market Volume:
NYSE Vol: 884 mln (B)
Nasdaq Vol: 5.2 bln (A)

New Positions:

Portfolio % of Return:
Stocks: +936.66
FX & Comms: +2.25 + Gold

PORT Nov 20 2020

The S&P 500 spent most of the day below the flatline. The markets have still not managed to break their Doji high mentioned on the weekly webinar and we are very much in a range, although the session did end positive, with an unlikely couple – energy and tech – sitting at the top of the sector table on Thursday. The bottom two were utilities and healthcare.

NIO is just not giving us another opportunity to add to our position and moved up more than 6% yesterday. Our latest position TDOC finished just under 5% up.

Current positions are doing well and while we want to buy more, we are first waiting for a decisive decision from the market.

Let’s go trade!