Market Report for Nov 24 2020
Nasdaq Composite +32.4% YTD
S&P 500 +10.7% YTD
Russell 2000 +9.0% YTD
Dow Jones Industrial Average +3.7% YTD
NYSE Vol: 987 mln (A)
Nasdaq Vol: 5.2 bln (A)
Portfolio % of Return:
FX & Comms: +2.25 +Gold
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!