Market Report for Oct 08 2020
Nasdaq Composite +26.7% YTD
S&P 500 +5.8% YTD
Dow Jones Industrial Average -0.8% YTD
Russell 2000 -3.4% YTD
NYSE Vol: 879 mln (B)
Nasdaq Vol: 3.8 bln (B)
Portfolio % of Return:
FX & Comms: +2.24
When the weak traders panic sell, Dynamic Traders can buy.
The Dow Jones Industrial Average closed 1.91% up on Wednesday’ssession. The Nasdaq Composite finished up 1.88% and the S&P 500 found strength in the region if 1,74%. Materials was the best performing sector. A turnaround from the prior day the weakness from Tuesday allowed us to enter into trades we were trying to do for a couple of weeks.
The market went from strength to strength with gains in all sectors and then later in the session the Fed minutes indicated the FOMC were pricing in further stimulus measures which helped the session end well.
If you are keeping up to date with the weekly webinars, you will know our position in this market and why we went shopping yesterday.
Lets go trade!