11/12/2020 Live Update

[Al_Dente]

CONTRARIANS please note: this is circulating all over the net today

[BullBear52x]

Daily sell signals starts to pouring in. be careful snakeville.

[BullBear52x]

the two sell entries were so close to one another, I took the early in out and let the last one runs, stop and will call it good for today if it get stop out. Peace!

[Cobra]

Revisit the previous low, now let's see if bulls can make a double bottom here. I say 51% chances.

[MrMiyagi]

Revisit the previous low, now let's see if bulls can make a double bottom here. I say 51% chances.

Well dammit, that's good enough for me, getting an advance on my mom's credit card and selling the cat's kidney..

[Al_Dente]

Today: Biden transition chief proposed limiting the size of banks [source: Fox]
Update: (big banks are in red)

[Cobra]

Members only update at 3:05 pm
http://www.cobrasmarketview.com/2020/11 ... ay-update/

[Cobra]

I have to leave earlier today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449397

[tsf]

https://finance.yahoo.com/news/why-inve ... 29396.html

Why investors should prepare for a geopolitical risk event in the coming weeks
November 11, 2020

This period of transition between the election and a new administration is ripe for a geopolitical risk event, says one strategist.

“Election Day to Inauguration Day almost always includes some type of major geopolitical development, meaning some country around the world, when they believe the U.S. is distracted, maybe internally focused, takes some action in conflict with U.S. interest,” Jeffrey Kleintop, chief global investment strategist at Charles Schwab, told Yahoo Finance Live.

“We’ve seen it again and again and again, going back over 50 or 60 years during these periods of transition,” he said.

“Usually when we’re seeing the global economy in a long expansion, or even in the early stages of recovery as it was in 1980 and 1992, we see markets do okay, fairly well. They recover quickly from about a 5% drop tied one of those events,” he said.

Only when the economy is in a midst of a recession, such as in 2008, do the markets fall on geopolitical news and continue to fall over the period.

“Expect some type of development,” said Kleintop.

“I don’t know where it could come from: China, something with Russia and Iran, in Syria. There could be something from Venezuela, North Korea rattling the saber again. All those issues are ripe for an event in the coming weeks,” he said.

“But the recovery is usually fairly swift after an initial selloff when the global economy is in recovery,” added Kleintop.