Market Report for Oct 13 2020

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite +32.4% YTD
S&P 500 +9.4% YTD
Dow Jones Industrial Average +1.1% YTD
Russell 2000 -1.2% YTD

Market Volume:
NYSE Vol: 747 mln (B)
Nasdaq Vol: 3.8 bln (A)

New Positions:
None

Portfolio % of Return:
Stocks: +842.11
FX & Comms: +2.25

Comments:
Tech once again was the driving force behind the market. We can see that if we look at the volume levels above.

Our best performer was NET (+23%) and our worst performer was HUYA (-11.17%). AAPE gained over 6% building up to today’s event and AMZN was up nearly 5% prior to Prime Day.

We are waiting for new high-quality set ups to appear so today will be standing aside.

Earnings today including JPM and C so financials might make moves.

Let’s go trade!