Market Report for Sep 15 2020
It sometimes helps to revisit your chart from a different perspective before risking your money.
Nasdaq Composite +23.2% YTD
S&P 500 +4.7% YTD
Dow Jones Industrial Average -1.9% YTD
Russell 2000 -7.9% YTD
NYSE Vol: 860 mln
Nasdaq Vol: 3.7 bln
Portfolio % of Return:
FX & Comms: +7.69
A positive day on the markets with the indices settling sharply higher and all 11 sectors ending the session positive.
There was no economic data to act as a catalyst although corporate news and vaccine news might have helped cheer up traders after back to back weekly losses which was nothing more than a pullback as discussed on the weekly webinars.
TSLA was the biggest gainer yesterday with a 13.61% move up followed by BYND which moved up about half as much. SFM was the biggest loser at -1.67%.
So what now?
We either head for the recent resistance or have some more tree shaking. Either way, we are in a suitable pilot position zone.
Lets go trade!