The boring market report – November 10th 2020

In last report, I was bearish for the short term, all indicators pointing in same direction: south! Now there were the US elections, and then yesterday the possibility of the existence of an efficient vaccine. Please note that Joe Biden is not formally elected and the vaccine testing is not formally finished! But anyway, markets have decided to turn back north after 2 steps to the south. This happens from time to time, stops are there to save us from disastrous situations.

Let’s look at Semi-conductor index first. The divergence on MACD should have driven the index towards the South. However volumes (see previous post) did not increase on that scenario, so it was a dead end.

Where are we going next? I need to show the steps in the opposite direction!

The first objective has been reached already and attempt to go beyond has failed yesterday. Short term traders may short this situation but the long term is up so you may want to stay on board for now, going to 3000. 5G should push in this direction!

Same situation for other word indexes, no additional comments.

Bitcoin has reached and gone beyond initial objective, hope you are part of the trip! (See other comments on previous post)

That’s it for today. Until next time, trade safely!

14 thoughts on “The boring market report – November 10th 2020”

  1. I have been surfing on-line greater than three hours as of
    late, but I by no means discovered any attention-grabbing article like yours.
    It is lovely value sufficient for me. In my view, if all
    site owners and bloggers made good content as you probably did, the web will likely be
    a lot more useful than ever before.

  2. I’m not that much of a online reader to be honest but your blogs really nice, keep
    it up! I’ll go ahead and bookmark your website to come back later on. All the best

  3. I think this is one of the most significant information for me.
    And i’m glad reading your article. But want to remark on few general things, The
    website style is perfect, the articles is really nice : D.
    Good job, cheers

  4. I really like your blog.. very nice colors & theme.

    Did you make this website yourself or did you hire someone to do it for you?

    Plz answer back as I’m looking to construct my own blog and would
    like to find out where u got this from. many thanks

  5. First off I want to say wonderful blog! I had a quick
    question which I’d like to ask if you do not mind.
    I was interested to find out how you center yourself and clear your head prior to writing.
    I have had a tough time clearing my thoughts in getting my thoughts out there.
    I do enjoy writing however it just seems like the first 10 to
    15 minutes tend to be lost just trying to figure out how to begin. Any recommendations or hints?
    Cheers!

Comments are closed.