MaR Nov 24 2020

  • Post author:

Market Report for Nov 24 2020

Don't chase trades. Wait patiently for price to reach your level

Trade Zones:
NFE

Market Trend:
Up

Market YTD:
Nasdaq Composite +32.4% YTD
S&P 500 +10.7% YTD
Russell 2000 +9.0% YTD
Dow Jones Industrial Average +3.7% YTD

Market Volume:
NYSE Vol: 987 mln (A)
Nasdaq Vol: 5.2 bln (A)

New Positions:
PTON @112.32

Portfolio % of Return:
Stocks: +1101.73
FX & Comms: +2.25 +Gold

PORT Nov 24 2020

Comments:
Another Monday injected with positive COVID news to move the market up, minus the mega-cap companies.

AAPL, ZM, NFLX were our underperformers while NIO, NOVA, TSLA, SPCE, SQ among others found plenty of strength, helping to close our percent of return above 1000%.

Energy was the king of the castle once again and by quite some distance too. XLE closed 7% higher while the next closest contender which was XLF which could only find less than 2% strength.

Don’t chase trades. Wait patiently for price to come to you.

Let’s go trade!