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Stock Market Recap October 30, 2020 MasterChartsTrading Com

10/30/2020

•Stocks threaten to break below September lows. Another 6% down would put SPX at excellent buying levels – SPY, ES, QQQ

•Dow Jones is already below September lows – DIA

•Small caps outperform large caps by not dropping as much – IWM

•High-yield bonds hold up their value, despite stock selling – JNK, HYG

•Are municipal bonds about to collapse? – MUB

•30-year Treasury yield approaches breakout level, as bond price drops – TLT

•Dollar rally set to continue – DXY, UUP

•Strong Dollar is weighing on commodities & precious metals – USO, GLD, SLV

•Bitcoin makes another 52-week high. Ethereum could be next – BTC, ETH

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Stock Market Recap October 23, 2020 MasterChartsTrading Com

10/23/2020

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•Stocks end an unimpressive week of trading flat – SPX, SPY, QQQ

•Breakout trade examples: General Motors, Twitter – GM, TWTR

•Trading speculative stocks: Cleveland Cliffs – CLF

•Just like stocks, the junk debt goes nowhere for the week – JNK, HYG

•Treasury bonds pull back. Still bullish for now – TLT

•Oil again fails to break higher. Could be setting up for a drop – USO, CL

•Interplay between the Dollar and precious metals. Watching action on the 4-hour charts – DXY, GLD, SLV

•Bitcoin breaks to new 52-week highs. Ethereum close behind – BTC, ETH

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