MaR Oct 22 2020

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Market Report for Oct 22 2020

When there is nothing to do in the markets, stand aside and do do nothing.

Trade Zones:

Market Trend:

Market YTD:
Nasdaq Composite +28.0% YTD
S&P 500 +6.3% YTD
Dow Jones Industrial Average -1.2% YTD
Russell 2000 -3.9% YTD

Market Volume:
NYSE Vol: 842 mln (B)
Nasdaq Vol: 3.2 bln (B)

New Positions:

Portfolio % of Return:
Stocks: +731.42
FX & Comms: +2.25

PORT Oct 22 2020

Dow moves back into negative figures YTD and while Russell 2000 has not turned positive since the March lows, it has moved further down this week. The S&P 500 and Nasdaq Composite both also had bearish days on Wednesday.

What we are seeing is what we were expecting and what we discussed on Sunday. So no surprise for the weakness which is why we have been standing aside.

When there is nothing to do, do nothing.

Let’s go trade!