Stock Market Weekly update -Nov 2
The market gapped up to new all time highs again last week, but then gave up most of those gains, leaving a ‘weekly’ tail bar on the SPX chart, a possible exhaustion signal (chart below). Small-caps dropped for the week. AMZN, GOOGL, & CAT popped after earnings, MSFT, META, CMG, & BA dropped. The Fed cut interest rates by .25% as expected. Gold dropped for a 2nd week. No Jobs report next week as the government shutdown continues. Mega Caps Daily chart -Uptrend -Downtrend Crypto AAPL NVDA TSM GOOGL TSLA AVGO AMZN? MSFT? META -dbl top NFLX BTC -choppy ETH -multiple week downtrend -needs to overcome 4000 SOL -downtrend? Choppy. Needs to get above 200. The week ahead: Earnings -4th week - Gov’t shutdown continues? 6th week Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate -up a bit to around 4.10% The Dollar - rallied to 99.71 Gold - dropped again to close around $4002. O...


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