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Market Recap: November 11, 2016 - DIA SPY XLF XLU IWM UUP GLD GDX FXE USO UNG JJC

11/12/2016

Stocks react to Trump’s conciliatory speech in a very positive manner
Dow Jones Industrial Average and Russell 2000 hit all-time highs
SPX is very close to all-time highs
Financials hit all-time highs
Utilities are pressured, but not yet bearish
Bonds take on the chin and likely enter a bear market
The Dollar spikes lower, but is ultimately rejected gains for the week
This is extremely bearish for the precious metals and gold miners
Oil could hit upper $30s within a few month
Natural gas attempting to bottom at breakout area
Copper breaks out and becomes bullish

Charts mentioned in this video are located here

Watch this video on YouTube!

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November 9, 2016 - post-Elections update

11/9/2016

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If you are wondering what the blank happened in the markets ... Here is what I wrote to my paid subscribers today ...
"This was the classic Wall Street adage scenario of: “sell the rumor, buy the news”. The elections came and went. What little apocalypse occurred overnight as the futures took a nosedive. By the time New York session started, the futures were already flat to slightly up. Session close will very likely see indices and many stock funds well off the recent lows and within a striking distance of the all-time highs.
October through December is historically the most bullish period of the year for stocks, so a year-end rally could surprise many bears.
The stock market and a vast majority of stock funds are bullish in the long-term, so any pullback should be viewed as a buying opportunity.
Conversely, what started as a little weakness in the US Treasuries turned into a rout as investment-grade bonds of all sorts fall out of bed.
US Dollar did the same thing – plunged overnight only to finish on a very strong note.
Gold did the opposite of the Dollar. There is now a stronger and stronger case for the new bear market in gold."

The world did not end.

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