Slimsy

Stocks break out on election's night

CME_MINI:ES1!   S&P 500 E-mini Futures
Election night has proven to be beneficiary to both parties (depends what you understand by that but it is a consensus, I think sometimes necessary in democracy). Everything went, more or less, according to the polls. Gran'Ol'Party will keep Senate while Dems will get the House. From now on it may get more interesting, although Trump has never had full support of all the Reps. Yields fell ( US10Y ) on the news as traders consider the outcome of elections as non-inflationary. Stock futures raise ( ES1! ) and break out above the previous high (HOTW). Well, they look diverged. One will catch up the other one. Good time to play the divergence.
Have a good day everyone.

Comments

Based on the historic volatility after the mid term elections, the index must give a big rally in the coming months:

Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out