Our November Stock Market Update in 3 Charts - PowerPoint PPT Presentation

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Our November Stock Market Update in 3 Charts

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Here are 3 charts that tell you all you need to know about the recent market action in our November stock market update. – PowerPoint PPT presentation

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Title: Our November Stock Market Update in 3 Charts


1
ETF TRADING RESEARCH
Our November Stock Market Update in 3 Charts
2
Welcome to ETF Trading Research Your premier site
to instantly diversify your portfolio to make
more money! Want More Research and Strategies on
ETFs visit our website ETFtradingresearch.com
3
  • Hi, My name is Corey and Im with ETF Trading
    Research, today were reviewing our recently
    published article

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  • Our November Stock Market Update in 3 Charts

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  • The beginning of November marks the return of the
    Sell-In-May-And-Go-Away crowd. Theyre returning
    to a market thats on much more solid footing
    than it was a few months ago.
  • Heres what we know

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  • Technical November Stock Market Update

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  • US stocks enjoyed an impressive rally over the
    last month. The SP 500 shot up 12.5 from the
    low on September 29th to the close on November
    2nd. Thats an impressive gain to say the least.

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  • Along the way the SP 500 cut through multiple
    resistance levels like a hot knife through
    butter. Now the large cap index is back above
    all of critical moving averages like the 50-day
    moving average,

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  • 200-day moving average, and the 50-week moving
    average. All sectors except utilities have raced
    higher over the last month.

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  • Fundamental November Stock Market Update

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  • The impressive move was fueled by a combination
    of better than expected third quarter earnings
    and central bank actions that are beneficial to
    stocks.

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  • There was a large influx of money that flooded
    out of short term treasuries after the latest Fed
    announcement. In short, the Fed put the
    possibility of December rate hike back on the
    table if the economic data supports it.

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  • A big chunk of this money found its way into junk
    bonds. Look at the surge in volume and strong
    price performance of SPDR Barclays High Yield
    Bond ETF JNK.

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  • However, there are still headwinds for stocks.
    The US Dollar is strengthening again. That puts
    pressure on commodity prices and corporate
    earnings made in foreign currencies.

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  • And slowing economic growth in China is hurting
    as well. Companies that made a big push into
    China in recent years arent seeing the growth
    they expected for everything from basic materials
    to consumer items.

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  • Those concerns aside, theres no doubt that the
    recent rally has flipped investor sentiment.
    According to the AAII Investor Sentiment Survey,
    40.4 of investors are now bullish on stocks over
    the next six months.

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  • Thats an increase of 5.6 from last week.

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  • Key Takeaway From Our November Stock Market Update

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  • Amazingly, the SP 500 is back near the all-time
    high. Needless to say, the rally has shot holes
    in the theories that stocks were entering into a
    bear market. But dont forget that the correction
    did break the uptrend.

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  • And theres still lots of uncertainty about the
    next market move. We could be at the beginning of
    new uptrend. Or we could enter another period of
    stagnant stock returns and range bound trading.

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  • Or the recent rally could be a counter-trend
    rally at the beginning of a down trend. All three
    are very real possibilities right now. Only time
    and price action will tell us what the next phase
    holds for stocks.

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