Now that indices have been removed from the bullish category, RUSSELL small caps remains the highest score out of them all. This was due to a bullish change by 3 points on the score from trend readings turning positive.
The put/call ratio is higher going into the election as there is more open interest on the put side than the call side through Wednesday.
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The put/call ratio is higher going into the election as there is more open interest on the put side than the call side through Wednesday.
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Smart money shows another interesting reading on positional activity. With SPX as the top bought asset, institutions may be looking for higher moves post election results. The yen is also seeing the most action out of any other asset on the list, as long positions have dumped over 12% on the currency. This is a risk-on type of sentiment that could be interpreted from selling yen.
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This week is going to be one of the craziest weeks of the year. With elections, to earnings, to Federal funds rates, we are in for a heavy move. Our business forecast tool is displaying lower rates in Q4 of this year, as well as a continued drop from then on to Q3 of next year.
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S&P500 Daily Chart:
On a technical note, the S&P500 remains in a solid uptrend, and has recently pulled back to a key support level.
On a macro note, I think the US election being put behind us will be a bullish this for the market - despite the winner. The lifted uncertainty of who the president is will likely give way to strong government spending regardless, which could continue to fuel stock market performance.
Additionally, the fed still seems likely to continue cutting rates, in an economy that has remained relatively robust.
Finally, we see a strong 4th quarter rally often within the stock market, finalizing with a possible "Santa Claus rally" end of year.
I am long. Not irresponsibly so, but long.
Not financial advice. Markets will likely be very volatile over the coming weeks.
- Nick
On a technical note, the S&P500 remains in a solid uptrend, and has recently pulled back to a key support level.
On a macro note, I think the US election being put behind us will be a bullish this for the market - despite the winner. The lifted uncertainty of who the president is will likely give way to strong government spending regardless, which could continue to fuel stock market performance.
Additionally, the fed still seems likely to continue cutting rates, in an economy that has remained relatively robust.
Finally, we see a strong 4th quarter rally often within the stock market, finalizing with a possible "Santa Claus rally" end of year.
I am long. Not irresponsibly so, but long.
Not financial advice. Markets will likely be very volatile over the coming weeks.
- Nick
Media is too big
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ELECTION DAY TRADING STARTING NOW IN VIP π₯πΊπΈπ
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We're counting down the hours until the election - which I will be trading within the VIP discord.
If you'd like to see the trades/signals I am placing in realtime / trade this event with me:
Our memberships are currently at the biggest discount of the entire year.
Here's how you can trade the election event with me:
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3. Trade!
We've had several new people join today, and I look forward to meeting you guys.
- Nick
If you'd like to see the trades/signals I am placing in realtime / trade this event with me:
Our memberships are currently at the biggest discount of the entire year.
Here's how you can trade the election event with me:
1. Sign up using the link below:
https://a1trading.com/vip/
2. Enter the promo code TGVIP for 40% OFF! (It's a one time payment to join.)
3. Trade!
We've had several new people join today, and I look forward to meeting you guys.
- Nick
With Donald Trump winning the 2024 election - there are a few quick notes I wanted to share that the market will likely now focus on.
- Trump re-flation concerns: with the proposed tariffs and large expectation for government spending, it is possible that inflation does not roll over easily. This is likely why the bond market is currently seeing a sky rocket in the 10yr treasury yield
- Stock market rally: with Trump's pro business agenda, which includes looser regulations and low taxes, stock are ballooning higher today.
- Crypto boom: Going again off of the lesser regulations side, crypto is higher today as the Trump/Vance administration seems favorable towards BTC.
- Foreign affairs uncertainty: Whether you like or dislike him, Trump brings volatility and uncertainty to the global situation - which is a sensitive one as is.
- Metals selloff: I mentioned this in my livestream yesterday. Following the election of both Trump in 2016 and Biden in 2020, gold fell in price. This is likely due to the de-risking that takes place following an election getting called. The question of whether a peaceful pass of power will take place is no longer so scary, so investors move away from gold in the short term.
- Nick
- Trump re-flation concerns: with the proposed tariffs and large expectation for government spending, it is possible that inflation does not roll over easily. This is likely why the bond market is currently seeing a sky rocket in the 10yr treasury yield
- Stock market rally: with Trump's pro business agenda, which includes looser regulations and low taxes, stock are ballooning higher today.
- Crypto boom: Going again off of the lesser regulations side, crypto is higher today as the Trump/Vance administration seems favorable towards BTC.
- Foreign affairs uncertainty: Whether you like or dislike him, Trump brings volatility and uncertainty to the global situation - which is a sensitive one as is.
- Metals selloff: I mentioned this in my livestream yesterday. Following the election of both Trump in 2016 and Biden in 2020, gold fell in price. This is likely due to the de-risking that takes place following an election getting called. The question of whether a peaceful pass of power will take place is no longer so scary, so investors move away from gold in the short term.
- Nick
RUSSELL
Small caps took off last night on a Trump victory and optimism from small business tax cuts. The Fed meets tomorrow to discuss interest rates and make another decision on monetary policy. There is nearly 100% consensus the Fed will cut by either 25 or 50 bps tomorrow which is another catalyst for the index. Price has tested resistance on the 1D timeframe and may look to retrace in the short term.
- Frank
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Small caps took off last night on a Trump victory and optimism from small business tax cuts. The Fed meets tomorrow to discuss interest rates and make another decision on monetary policy. There is nearly 100% consensus the Fed will cut by either 25 or 50 bps tomorrow which is another catalyst for the index. Price has tested resistance on the 1D timeframe and may look to retrace in the short term.
- Frank
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Gold finally breaks lower after several months of upside. Major risk on sentiment has returned to the markets which alleviated all the pressure from geopolitical tensions, direction of the economy, and major uncertainty now that we have an outcome in the election. Tomorrowβs interest rate report is set to come out with a cut. Lower rates may be bullish for the metal as it suggests a weaker dollar. Yields are rising too which is likely putting pressure on gold. If price canβt hold up at support, it may look to test lower around $2,600.
- Frank
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- Frank
Data From The EdgeFinder!
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