Sunday, May 31, 2020

Week Ending 5/29/20 - Riots start over George Floyd murder - Banks/WFC - Nasdaq near ATH

Stock indices ended the week higher despite riots over George Floyd's murder.  The riots have however spread further and grown more violent over the weekend.  Banks rallied, and most nulled vM's lower except Wells Fargo.  The Nasdaq has been the sneaky leader and is only about 2% from all time highs.  Oil looks like it wants higher and has formed a vW to 80.82



The S&P finished the week higher, nulling vM's lower 
and triggering vW's towards 3124.75 and 3153.5.



The Russel closed higher for the week, but gave up about half its gains made.  
It has several vW's higher triggered.



The Nasdaq is only about 2% from all time highs. 
 vW to 10999.5 is triggered.



Bonds have nulled vW's higher and is forming vM's lower.



Gold still trading sideways.



Oil looks like it wants back above $40, 
and has a vW to 80.82 that is triggered.



The XLF rallied and nulled vM's lower.  
Wells Fargo participated in the rally, but didn't null its patterns lower.
vW's to 26.04, 28.67, and 34.06 are triggered.



Wells Fargo participated in the rally,
but hasn't nulled its vM.



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