Stock Market Recap October 9, 2020 MasterChartsTrading Com

•Stocks overcame resistance on the 4-hour charts. New highs very likely – SPX

•NASDAQ again approaches records – QQQ

•Small caps outperforming large caps. This is a good sign for the domestic economy – IWM, IJR

•Discretionary, Health Care & Biotech approach new records – XLY, XLV, IBB

•Transports, Semis hits 52-week highs, showing good risk appetite – IYT, XSD

•Junk bonds seem to confirm this move higher for stocks – JNK, HYG

•Dollar index fails to breakout on 4-hour charts, headed to new lows - DXY

•Gold & silver look set for new records – GLD, SLV

•Oil fails to collapse. Price action on 4-hour charts is “difficult” – USO, CL_F

•Ethereum looks very promising. Position open –  ETHUSD 

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