MaR Oct 13 2020

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Market Report for Oct 13 2020

Have a buy stop order in place, just in case

Trade Zones:

Market Trend:

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:

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

PORT Oct 13 2020

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!