Sunday, October 25, 2020

Stock Market Update - October 23, 2020

Not much change in the stock market. It continues to hold steady. The Moving Average line on the global DOW is not slanting upward which is a positive sign.

With the election a couple of weeks away, Stock Chart's Three Takes on the Presidential Cycle article by David Keller is timely. Stan talks about presidential cycles in his book and I think Tom McClellan pretty much presents a similar viewpoint.

It's been awhile since we've looked at COVID-19. I am hoping the two charts below from the CDC provide some glimmer of hope. Cases are going up, but deaths are not.

 Total Cases

 


 

Total Deaths


 

Monday, October 5, 2020

Market Update: Oct 3, 2020

News that President Trump has contracted COVID-19 made headlines on Friday. He appears to be doing better as of this morning (WSJ).

It's possible the major indexes are in stage 3. Gold continues to be in Stage 2 but is showing signs of possibly moving into Stage 3 as well. Stimulus talks are in the works.

CNN's Fear & Greed went into greed last week. It's been in greed for awhile.

We will see.