More buying for our Suubee leaders and the market with those aggressive FPB working (on average).
Leaders pushed 1.8% closing very strongly for the week. The buying trickled down into most sectors and the Russell +1.9% illustrates that money is buying ‘risk’ or the smaller names in the market.
Volatility remains and I would expect it to stay heightened this week. Leaders are in a mini blow-off stage since the Trump win be careful not get caught chasing extended names.
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US Leaders list, equal weighted, continues on from the PBB:
Overnight movers:
Charts of interest:
Below are select charts of interest, as always, additional content is posted on the main site, feel free to acess via a free 2-day trial here
ASX (XJO) into highs, banks are normally weaker into late November so lets see if that helps rotates some capital back towards leaders
Bitcoin more or less tagged that 100k, the question is whether it can now push through there in the coming weeks
China has not been able to trigger on that DTP
AIQ (AI and big data) setting a DTP
FFTY – pushing out of this long base. This is a real positive for smaller (growth) style stock. Note the base break then re-test and signal
INDY (India), lets see if that is the low (SO)
ISO (Aussie small caps) a DTP signal here would be positive
Gold (USD) strong from that base re-test (and 20 week) with rising global tensions
S&P held that re-test and closed the week in a strong position
