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Stock Market Update - Week Ending Nov. 06, 2020

Posted by Daniel Iuculano on November 07, 2020 - 12:41pm


Stock Market Update

The Dow Jones Industrial Average closed at 28,323.40, down -66.78 or -0.24%. S&P 500 closed at 3,509.44 down -1.01 or -0.03%. Nasdaq Composite closed at 11,895.23 up 4.30 or 0.04%.

Market conditions are Bullish in a Bull Market as of 2020-11-06. This means traders and investors should consider trading with a Bullish bias by buying (going long) stocks, long ETF's or Call Options

The Momentum Indicator is currently indicating a bullish trend in stocks. Risk of a trend reversal is low.

The Sentiment Indicator is currently indicating the sentiment in the stock market is showing high complacency. Risk of a long term trend reversal is low. This means the current long term trend is likely to continue.

 

Bill Rippel Thanks for the update Daniel.
November 7, 2020 at 4:38pm
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