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As expected Dow and the other indexes continue to be run by the bulls. Oil and Gold on the other hand have some sell off. This usually happens when the Dow Jones and other main indexes are rising. The rising USD is also causing some problems for commodities as well. With the month of October and November usually being very good for USD we can expect it to benefit the markets that are correlated to it while causing problems with markets that are inverse to it.
Let's take a look at the charts below and see what they are telling us.
Nov 23, 20 09:05 AM
After breaking out of a downtrend line, the S&P 500 still looks bullish for the near term.
Nov 17, 20 05:26 AM
After the news of Tesla being added to the S&P 500, it is gapping up pre-market.
Nov 09, 20 06:56 AM
After the elections, the S&P 500 is now breaking out of a triangle pattern.
Oct 23, 20 08:22 AM
The US stock market seems to point to a Republican victory. It is still in an uptrend and therefore we should continue to remain bullish.
Jul 13, 20 07:44 AM
Here is a technical outlook for the US stock market.