RADIO SHOW 11/9- THE HOLY CRAP EDITION

SOURCE: https://www.spreaker.com/user/10863617/investors-edge_23

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    anti semite says:

    Market:

    Not a lot going on.

    The big indexes are overbought .
    .

    It’s all up to QQQ.

    QQQ is on the 50 day average.

    QQQ up, the rally in the big indexes remains bullish above the 50 day.

    QQQ down, the rally in the big weakens considerably .

    Either way ,the stock market will follow.
    .
    .
    .
    Gold ( Miners ) :

    The leaders down ( GDX ) is near the support of the 50 day on the weekly chart.

    Technically, support on the “weekly” signals a rally.
    .
    Realistically, any rally in gold..,

    is up to the dollar..,
    .
    and the dollar..,

    is bearish..,

    trapped in a range..,

    below the 50 day average.
    .
    .
    .
    Stocks;

    IEF, it’s sitting on the 50 day average on the weekly chart.
    .
    Weekly support..,

    signals a dcb ( dead cat bounce )..,

    as the “short trade” cover their bets.
    .
    .
    .
    NEWS:

    Goldman Sachs reports that the yield curve could steepen during the Joe Biden presidency.

    Yoda ..a steepening yield curve signals inflation.

    Inflation is bullish for gold.

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