MaR Sep 15 2020

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Market Report for Sep 15 2020

Trading bias

It sometimes helps to revisit your chart from a different perspective before risking your money.

Trade Zones:

Market Trend:

Market YTD:
Nasdaq Composite +23.2% YTD
S&P 500 +4.7% YTD
Dow Jones Industrial Average -1.9% YTD
Russell 2000 -7.9% YTD

Market Volume:
NYSE Vol: 860 mln
Nasdaq Vol: 3.7 bln

New Positions:

Portfolio % of Return:
Stocks: +338.79
FX & Comms: +7.69

PORT FX Sep 15 2020

PORT Sep 15 2020

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!