October 18, 2020
Weekly Market Outlook
By Keith Schneider
The key US Equity stock indexes (SPY, QQQ, IWM, DIA) all digested their recent gains and closed within +/- 1% of the prior weeks close. Big Market players are placing their bets on who they think will be the next President and it is unclear from current price action who that is. A case can be made for both candidates winning as pretty much everything is going up.
This week’s snapshot is from our new product and our new division … “MarketgaugePro” for trading professionals. It includes a report (about to be released) from our new partner, StockOdds. StockOdds has developed a cutting-edge Odds Engine. It is showing that Gold Miners and Financial stocks should have strong results for the upcoming week. Let’s see how that plays out.
The highlights of this week’s market action are the following:
Best wishes for your trading!
CEO - Marketgauge.com