US equity indexes ended November on a weak note, SPX -16pts (0.4%) at 3621. Nasdaq comp’ -0.1%. Dow -0.9%. The Transports settled -0.9%.
sp’60min
Summary
closing hour action: minor chop, leaning a touch weak.
*awaiting earnings from Zoom Video
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… and that concludes Monday… and November. Whilst today was rather weak, November was still an exceptionally bullish month. The s/t cyclical setup favours the bulls for Tuesday, as new hist’ highs appear a given for most indexes within December.
… and anyone getting twitchy today… I’d note the Nasdaq comp’ broke a new hist’ high.
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notable stock: GOLD
Barrick Gold is battling to build a floor from the $22s, which is indeed a massively important level.
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notable stock: XOM
Very rough end to the month for energy stocks, but Exxon settled net higher for the month by around +20%.
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notable stock: BA
Boeing descended with the main market, but managing a decisive bullish monthly settlement above the monthly 10MA. The June $234s set to be broken above, and then onward to the $280s. Main market implications.
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Here, it was a day of grey horror, although the full moon did briefly appear. Briefly… as in mere seconds. Have a good evening.
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more later on the VIX and Indexes by 6pm EST