Wednesday Nov 4 2020
Okay if Biden takes any two of the remaining states excepting
Alaska, he wins. But if the GOP manages to hold the Senate, his chances of doing much are pretty much gone for at least the next two years. Perhaps that is why interest rates fell today as did bank stocks. Our proxy stock for the market is CFR.
Even on this 2 hour chart the MACD could fall quite a bit further. This is a huge drop in one day for a well run bank.
The overall market is also giving back some big gains with just minutes left.
Industrials 2 Hour
the DJIA is reversing right at its downtrend line.
Transports
The Transports gave back all its gains closing negative for the day.
Small caps also closed down for the day. This could make for a very negative open on Thursday
DIV is the dividend paying leveraged ETF, another proxy stock
Like the Industrials and transports it stopped right on its downtrend line
Comments