Mid-session analysis focusing on the near-term outlook & potential price targets on the major stock indices followed by brief analysis on the oil & gas sector as well as the coal stocks. Silver or Gold level access initially required.
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Stock Market & Energy Sector Analysis 11-4-20
Home » Blog » Market Analysis (all categories) » Equity Market Analysis » Stock Market & Energy Sector Analysis 11-4-20
@rsotc Would you consider your XLE trend lines a little “loose?” If they are tightened up, would you not consider this a break > retest > up? This might be splitting hairs though.
Yes, nice observation. In fact, I played around with them, pulling them lower. However, by lowering the trendlines, the recent “breakout” was anything BUT impulsive & as such, I prefer the upper (benefit of the doubt) trendlines.
it’s the senate. republican senate it doesn’t matter who wins the presidency. Likely no tax hikes.
If senate is republican and biden wins, stimulus will be more limited.
Republicans retain the senate and prevent tax hikes for Tech stocks is the latest BS narrative for ramping >10% NDX… just tax the poor and blow the bubble.