Market Report for Sep 02 2020
Our edge is understanding the market. Knowing when to trade and when to stand aside is a big advantage.
Nasdaq Composite +33.1% YTD
S&P 500 +9.2% YTD
Dow Jones Industrial Average +0.4% YTD
Russell 2000 -5.4% YTD
NYSE Vol: 814 mln
Nasdaq Vol: 3.6 bln
FX & Comms +8.16
The familiar story of technology being the big winner. Nasdaq Composite was the outperformer and along with the S&P 500, both printed new highs but the Dow Jones Industrial Average did close 0.76% up so not all bad for the laggard in the pack.
ZM crushed earnings expectation and surged after hours on Monday night to close the Tuesday trading session 40% up. We have taken some very good profit and partially closed off this trade.
TSLA gave up some of its recent gains after announcing a $5 bln stock offering.
Copper hit a 2 year high ended the session slightly lower for the day.
A bullish day with Materials and Tech leading the sectors.
Lets go trade!