Market Report for Oct 14 2020
Nasdaq Composite +32.2% YTD
S&P 500 +8.7% YTD
Dow Jones Industrial Average +0.5% YTD
Russell 2000 -1.9% YTD
NYSE Vol: 756 mln (B)
Nasdaq Vol: 3.3 bln (B)
Portfolio % of Return:
FX & Comms: +2.25
Nasdaq Composite closed -0.10% while the S&P 500 closed -0.63% lower and Dow Jones Industrial Average closed -9.55% lower. Financials was the weakest sectors and Communications was the best.
JNJ and LLY paused COVID-19 trials yesterday. This took LLY (worst performer) back to the support zone and around 150.
ZM rose more than 5% and looks to be preparing for ATHs once again and SPCE rocketed over 6% and looks to be forming a near term C&H. NET made a new ATH and is now almost doubled in price over the last 25 days.
AAPL released their iPhones yesterday and price ended the session -2.5%. Nothing unusual about that and a few days after dumb money reactive trading, it typically resumes its long term trend. A pullback to the 50ma may provide a C&H.
Lets go trade!