Monday, November 14, 2016

11/14/16 Trump Wins

On 11/8/16 the Dow futures fell over 1000 points as talking heads said the stock market was expecting Clinton to win.  In the early morning of 11/9/16 Trump was announced the winner.  By the market open, the DOW had regained the 1000 points and then some.  On 11\10\16 it made new all time highs.

https://www.tradingview.com/i/vyAZRwij/



The S&P has vW's to 2239.5 and 2372.75 that are triggered.  Recent action has formed vM's below 2000, but a close above 2191.5 will null them.  



The Russel made new all time highs nulling large vM's lower.  vW's to 1404.6 and 1599 and triggered.



The Nasdaq had recently hit a double bottom target price at 4886.5 and made new all time highs before turning over on election night.  vW to 5414.25 is triggered.



The Dow has recently made all time highs.  A few vW's from 19,000 to 20,000 are triggered.



Oil is sitting at its 200ma.  Short term vM's to 41.17 and 34.97 are triggered.  It has vW's to 59.00 and 63.20, but needs to hold 39.19 to avoid nulling them.  Also has a larger time frame vW to 74.21 that is formed.  Still has a larger time frame vM to 19.41 but if vW to 63.20 works out it will be nulled.



The Dollar has hit vW to 99.59
vW to 103.95 is triggered
.

Bonds have fallen, hitting vM to 163'17
vM to 152'15 is triggered.  Looks like could easily rip higher towards 175 first though.



Gold has untriggered vW to 1549.5 and triggered vM to 1129.8


Copper launched filling a gap at 2.6455 and close to hitting vW target price at 2.7582



XLF has vW's to 23.45 and 24.74 that are triggered.



IBB has large patterns both directions.  A Trump presidency should be bullish for the sector.