Market Report for Sep 30 2020
Look to stand aside due to NFP
Nasdaq Composite +23.6% YTD
S&P 500 +3.2% YTD
Dow Jones Industrial Average -3.8% YTD
Russell 2000 -9.8% YTD
NYSE Vol: 701 mln
Nasdaq Vol: 3.3 bln
Portfolio % of Return:
Stocks: + Google data currently unavailable.
FX & Comms: +2.25
A lacklustre session with S&P 500 and Dow Jones Industrial Average down 0.5% and Nasdaq Composite down 0.3%. The modest pullback during the session was probably muted due to the presidential debate that was taking place later and now we move into NFP territory, we should consider standing aside.
Communications ETF was slightly positive while all other ETFs were negative.
As originally mentioned by Anne one or two weeks ago, BYND could be forming a C&H. Since then the price has been showing off with some strength and yesterday tested the start of the formation with some heavy volume. This was our biggest winner on Tuesday gaining almost 10% while ZM was our biggest loser at almost 5%.
Today we continue to celebrate Anne’s birthday so won’t be looking to take much in the way of positions as we bought almost what we needed at the start of the week, knowing we have NFP to contend with.
Lets go trade!