Market Update November 26, 2021 - Bumpy COVID Varient in Africa

Friday saw a sell off of about 2% to 2.5% amid concerns of a new COVID varient in South Africa.

Let's look at the indicators.

1. DJIA vs 30 week MA: Touching the moving average line
2. S&P  vs 30 week MA: Above
3. Nasdaq vs 30 week MA: Above
4. Global DOW vs 30 week MA: Below
5. DJIA vs NYSE A-D: Both Down
6. Divergence: DJIA vs NYSE High/Low: Both Down
7. 200 Day MA NYSE A-D: Above
8. NYSE  52 Wk Highs-Lows Diff: -182
   

 

Interesting articles for further reading:

• Greg Schnell - Ignore the News
  

• Barchart COVID Market Impact  
  

Stock Market Update: November 21, 2021

Markets have taken a bit of a bounce as we continue in Stage 3. The moving average line is sloping up.

It will be nice if things can get back to boring wouldn't it? This week we are seeing countries impose lock downs as COVID cases go up in Europe.

Stockcharts' Joe Duarte has an article on Fed rates and Covid and where are we in the market?