Market Report for Oct 15 2020
Trade Zones:
None
Market Trend:
Up
Market YTD:
Nasdaq Composite +31.2% YTD
S&P 500 +8.0% YTD
Dow Jones Industrial Average -0.1% YTD
Russell 2000 -2.8% YTD
Market Volume:
NYSE Vol: 763 mln (B)
Nasdaq Vol: 3.1 bln (B)
New Positions:
None
Portfolio % of Return:
Stocks: +917.02
FX & Comms: + 2.25
Comments:
Two straight days of declines but nothing unusual as the price might need a little rest in order to test the highs from early September while forming a BuF with the larger picture being a C&H. Dow Jones Industrial Average turns negative for the year, just.
NIO was our biggest winner of the day closing some 22% up and about another 5% post-market. CRWD was our biggest loser of the day declining over 5%.
As mentioned in the webinars, we are out of the woods as far as September is concerned so breakout are ok but pullbacks will be better. We will look for pockets of support to buy into this market when opportunities arise during pullbacks.
Let’s go trade!