MaR Oct 02 2020

  • Post author:

Market Report for Oct 02 2020

Trading is simple maths

Trade Zones:
Stand aside

Market Trend:
Up

Market YTD:
Nasdaq Composite +26.2% YTD
S&P 500 +4.6% YTD
Dow Jones Industrial Average -2.5% YTD
Russell 2000 -8.2% YTD

Market Volume:
NYSE Vol: 859.1 mln
Nasdaq Vol: 3.9 bln

New Positions:
None

Portfolio % of Return:
Stocks: +617.95
FX & Comms: +2.25

PORT Oct 02 2020

Comments:
Nasdaq was the leader once again as the markets prepared for NFP today.

After a pullback in September, we have had a bullish week leading up to NFP. Today may act as a catalyst but as it is Friday and as we have had a bullish week, we may see some profit-taking going into the weekend.

So it is time to let those who think they can consistently make money on NFP to take over and for us to step back and enjoy the show from the sidelines.

Have a good weekend.

Lets go trade!