US major stock indexes: An L3 bottom is due. Maybe the more important L1, but this podcast shows an alternate forecast. L4 intraweek upswing is due.
Watch the technical of the 100d avg for the SP500 for clues of supply versus demand.
The market is concerned about lack of additional economic stimulus by Congress. Fed Chairman Powell's comment on pro-additional government-based stimulus might of upset the market yesterday. An ugly close yesterday.
The percent stocks above the Nasdaq 100 50-day average collapsed. Across the board selling. A sign of exhaustion or another leg lower for stock prices?
The VIX is swinging higher but of prior model-based highs and ideally, it will erode over time. What might go right or wrong?
A poor week for gold. Suggests concerns over a deflating economy. And global/US virus cases surge.
The dollar continues to surge. A sign of risk-off in stocks creates demand for the dollar? The bond market shows no signs of money exiting stocks for the purchase of bonds. Is the bond market signaling the stock market's decline is a correction within a bull market? No more serious?
Crude oil acts as though there is little risk of an eroding economy.
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