Trump win changes market in a strong way!

[Luckyone]

​ Trump win changes market in a strong way!​ DOW Friday Closing Price - 43988 SPX Friday Closing Price - 5995 NASDAQ Friday Closing Price - 2117 RUT Friday Closing Price - 2399 The indexes had a major week up with the DOW increasing 3.6% in value, the SPX increasing 4.5% in value, the NASDAQ increasing 6% in value and the RUT increasing 8% in value. The rally, which was the best week of the year, came after the Trump win in the election was announced. Lower corporate taxes and less regulations (something that Trump announced that he will do) was the reason and support of the rally. All indexes made new all-time highs and the RUT made a new 3-year high and closed only 48 points below the all-time weekly closing high. The outlook for the market for the rest of the year is likely to remain positive, until Trump actually takes office. By the same token, the indexes are strongly overbought as they have all rallied this year alone, between 15% (DOW) to 31% (RUT). Both the NASDAQ and the SPX have rallied 20%. The Fed did cut interest rates 25 points on Thursday but continuing to cut rates from here on in is going to be in question, given that the Trump win is also expected to bring higher inflation. As such, the charts are not presently going to offer much help as the indexes are nowhere near any levels where automatic selling by computers and algorithms can occur. By the same token, corrections are a possibility due to the overbought and possible overdone condition of the market. The Trump win does not offer a clear picture of what he will actually be able to do or not do (or the actual effects on the economy), meaning that the bulls (after this past week's strong reaction to the upside) will be careful in continuing to buy at these elevated prices. In addition, there is absolutely no support levels close-by below (within 8-10% of Friday's closing prices) that have been built and could be depended to stop a correction, meaning the bulls have to be thinking that building support will need to be done before Trump takes office as there are too many things that could go wrong in what he has promised to do that would be negative to the market economy (such as deporting all the illegal aliens). For this coming week, I have no chart comments for the indexes other than the RUT. This index is a bit of a key this week as it still has a resistance level above and failure levels below. With the RUT having rallied the largest percentage this past week and for all of this year, and having broken on Friday a decent and short-term weekly close resistance level at 2352 (closed on Friday at 2399), the bulls are "committed" to making a new all-time weekly closing high above 2437 (2442 on a daily closing basis). This also means that a close this Friday below 2352 and/or a confirmed daily close below 2360, would be a sign that the traders are not willing to take the market higher. As far as economic news this week, which could have some fundamental effect on the market, the CPI number (inflation) comes out on Wednesday (expected at 2%) and Retail Sales on Friday (expected at 3%). It is not expected that either of these reports will affect the market (unless way out of line - unexpected). Other than that, evaluation of the market at this time has to be done daily and only on a short term basis. On a daily basis and using the 10-minute chart (which at this time is somewhat indicative, given the strength seen), the line in the DOW is presently at 43040, in the SPX it is at 5869, and in the NASDAQ it is at 20600. This week and next, that line (which goes up every 10 minutes) will be short term pivotal. A break below it would suggest a that at least a pause or a drop to build support is occurring. Bank Stocks rallied strongly and clean energy stocks dropped strongly.​

 

[Yarddog]

Liberals will benefit.... but they will really hate this as their investments grow. It will be a struggle to deal with.
however with the extra money they can buy an EV for someone less fortunate who could otherwise never afford one. Time to re-imagine America.

 

[luiza]

Calm before the storm .
There was projected extra strength regardless of the result , based on Fibonacci extensions.

Then comes the correction leading to the full blown move into the Great Commodities Cycle Boom period .

How much will equities fall by ?
Depends on how many banks have to be saved, but a minimum 30% correction .

 

[sealybobo]

​ Trump win changes market in a strong way!​ DOW Friday Closing Price - 43988 SPX Friday Closing Price - 5995 NASDAQ Friday Closing Price - 2117 RUT Friday Closing Price - 2399 The indexes had a major week up with the DOW increasing 3.6% in value, the SPX increasing 4.5% in value, the NASDAQ increasing 6% in value and the RUT increasing 8% in value. The rally, which was the best week of the year, came after the Trump win in the election was announced. Lower corporate taxes and less regulations (something that Trump announced that he will do) was the reason and support of the rally. All indexes made new all-time highs and the RUT made a new 3-year high and closed only 48 points below the all-time weekly closing high. The outlook for the market for the rest of the year is likely to remain positive, until Trump actually takes office. By the same token, the indexes are strongly overbought as they have all rallied this year alone, between 15% (DOW) to 31% (RUT). Both the NASDAQ and the SPX have rallied 20%. The Fed did cut interest rates 25 points on Thursday but continuing to cut rates from here on in is going to be in question, given that the Trump win is also expected to bring higher inflation. As such, the charts are not presently going to offer much help as the indexes are nowhere near any levels where automatic selling by computers and algorithms can occur. By the same token, corrections are a possibility due to the overbought and possible overdone condition of the market. The Trump win does not offer a clear picture of what he will actually be able to do or not do (or the actual effects on the economy), meaning that the bulls (after this past week's strong reaction to the upside) will be careful in continuing to buy at these elevated prices. In addition, there is absolutely no support levels close-by below (within 8-10% of Friday's closing prices) that have been built and could be depended to stop a correction, meaning the bulls have to be thinking that building support will need to be done before Trump takes office as there are too many things that could go wrong in what he has promised to do that would be negative to the market economy (such as deporting all the illegal aliens). For this coming week, I have no chart comments for the indexes other than the RUT. This index is a bit of a key this week as it still has a resistance level above and failure levels below. With the RUT having rallied the largest percentage this past week and for all of this year, and having broken on Friday a decent and short-term weekly close resistance level at 2352 (closed on Friday at 2399), the bulls are "committed" to making a new all-time weekly closing high above 2437 (2442 on a daily closing basis). This also means that a close this Friday below 2352 and/or a confirmed daily close below 2360, would be a sign that the traders are not willing to take the market higher. As far as economic news this week, which could have some fundamental effect on the market, the CPI number (inflation) comes out on Wednesday (expected at 2%) and Retail Sales on Friday (expected at 3%). It is not expected that either of these reports will affect the market (unless way out of line - unexpected). Other than that, evaluation of the market at this time has to be done daily and only on a short term basis. On a daily basis and using the 10-minute chart (which at this time is somewhat indicative, given the strength seen), the line in the DOW is presently at 43040, in the SPX it is at 5869, and in the NASDAQ it is at 20600. This week and next, that line (which goes up every 10 minutes) will be short term pivotal. A break below it would suggest a that at least a pause or a drop to build support is occurring. Bank Stocks rallied strongly and clean energy stocks dropped strongly.​

Let's not forget

Biden is beating Trump on stocks. History shows markets do better under Democrats​

https://www.cnn.com/2024/11/01/investing/stock-market-biden-trump-democrats-republicans/index.html

In 2020, former President Donald Trump warned that the historic stock market boom on his watch would implode if voters replaced him with Joe Biden.

“If you want your 401k’s and stocks…to disintegrate and disappear, vote for the Radical Left Do Nothing Democrats and Corrupt Joe Biden,” Trump tweeted in July 2020.

It was an ominous warning from a president who, more than his predecessors, obsessed over market gains and viewed them as a real-time barometer of his success.

In reality, with Biden in the White House, the US stock market not only preserved those Trump-era gains, but generated even more massive ones for millions of Americans’ 401(k) plans, nest eggs and college savings plans.

The S&P 500, the gold-standard market index of 500 US stocks, has posted a compound annual growth rate of 14.1% from Biden’s November 2020 election through Thursday’s closing bell, according to veteran market strategist Sam Stovall of CFRA Research.

The market returns under Biden are the second best in modern history going back to 1945, Stovall found. The only stronger performance was during the booming dotcom days under former President Bill Clinton during the 1990s.