Dow: +29.58…
Nasdaq: +37.87… S&P: +9.11…
- Nasdaq Composite +30.4% YTD
- S&P 500 +25.3% YTD
- Russell 2000 +21.0% YTD
- Dow Jones Industrial Average +19.7% YTD
The Fed kept the fed funds rate unchanged as expected and signaled no further rate hikes in 2020. As a result, there was relative strength in the trade-sensitive areas of the market: semiconductors, industrials, materials, and technology.
I added BHC as a new long. Nice rising channel and volume accumulation. If it can break out of this coil I can see 32.50-34.00 as next targets.
