MaR Sep 29 2020

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Market Report for Sep 29 2020

Traders need to take some calculated risks

Traders need to take some calculated risks when opportunities arise.

Trade Zones:
None

Market Trend:
Up

Market YTD:
Nasdaq Composite +23.9% YTD
S&P 500 +3.7% YTD
Dow Jones Industrial Average -3.3% YTD
Russell 2000 -9.5% YTD

Market Volume:
NYSE Vol: 845.5 mln
Nasdaq Vol: 3.5 bln

New Positions:
AMD
SPCE
TSLA

Portfolio % of Return:
Stocks: +500.19
FX & Comms: +2.25

PORT Sep 29 2020

Comments:
A broad-based advance yesterday with the large-cap to small-cap sharing the positivity. The Russell 2000 moved up 2.4%, the S&P 500 rose 1.6%, the Nasdaq Composite 1.9% and the Dow Jones Industrial Average 1.5%. We have not seen a day like this in some time.

All the sectors enjoyed a good day too with Financials at the top and Utilities at the bottom.

As per the weekend webinar, we thought there might be a turnaround but of course, there is no guarantee the markets will continue this bullish path so please keep your risk under control.

If you have not caught up with the weekend webinar, please watch it now.

Lets go trade!