Market Report for Sep 01 2020
Don’t get fixated by a trade that lost you money. Move on to the next opportunity and those high probabilities offering low risk will surpass any losses. You only need a few good trades a year. If you look at our tadelog below, you can see exactly what that means.
Nasdaq Composite +31.2% YTD
S&P 500 +8.3% YTD
Dow Jones Industrial Average -0.4% YTD
Russell 2000 -6.4% YTD
NYSE Vol: 1.1 bln
Nasdaq Vol: 3.5 bln
Lots of volume of NYSE so are we going to see a pullback on the S&P 500 now? As mentioned in the weekly webinars, this is that we would like to see for the confidence of a continuation.
Nasdaq set a new record. S&P 500 set an intra-day record. Dow fell 0.7%. The S&P 500 gained 7% last month and has enjoyed the best August since 1984 when it had gained 9%.
AAPL and TSLA both continued to move up since their split and ZM earnings came in better than expected taking the price up about 22% after hours and 30% for the whole day.
I trust you are all making money. If you have not caught up with the weekly webinars, please make a point of watching the most recent ones.
FX & Comms = +13.27% as of 06.15am today
Stocks = +460%
Lets go trade!