Market Summary:

The 10yr yields rose to 4.47% and now retracing to 4.30%. Copper remains choppy, but China stimulus may help.  Gold declines, now forming a bull flag. Silver retests the Median line support at 31.25.

Crude in new move down after election.  Natural Gas is basing.

The US 30yr Treasury Bond lower, but looking for a long trade entry.

The US Dollar up sharply on the election results; but near overbought.

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S&P 500 Futures   #ESZ24

Monthly –Monthly bar closes higher. Trade pressures remain up. Volumes closed the month of October as bullish.  The 6019 target is met and should provide resistance.  A break below 5729 would confirm any weekly move lower. The next target down then would be 5382.

Weekly – The weekly has a higher close again.  Trade pressures are just above the neutral zone. Volumes remain low, but bullish.  The next target up remains 6057 (new highs).  A close below 5892 would confirm any daily move lower.

Daily – Flat. Stopped out of the long trade at the 5876 level on 10/23. Trade pressures turned down at the end of October, but now have rallied to up, into and thru the election.  Volumes are bullish.

The next target up is 6057. The expected overbought level rises to 6006.

A close below 5948 would signal lower. The expected oversold level rises to 5791.

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Portfolio stock values for 2024.  The portfolio value rises to $152,000. The Year-to-Date portfolio performance is  up 52%.

[The author may be long or short any of these issues mentioned],