Nov. 5-Nov. 9, 2018 Weekly Trading Update PMs, S&P500, BTC, EMs

As we review the trading of the market in the first full week of November transition trading, we had a mid-term election to price in more risk in the market indexes. The 10 year bond back below 3.2%, now at 3.186% for the week. Interest rates has started to effect the housing markets in the USSA and Australia. Emerging markets and the rest of the world's markets were mixed as the strong US Dollar effected those markets overseas. The Federal Reserve completed their November meeting, decided not to raise rates but signaled another hike by December.

All our charts will be in the weekly candlestick mode.

Precious metals tested the upper resistance, but could not fight off the rise in the USD.

USD closed at 96.74, up 0.41 for the week, but a huge reversal from being down earlier in the week before the election. A break higher could break to 97.74, a full point higher effecting emerging markets and currency exchange rates, triggering the next crisis.

S&P500 has now posted two green weekly candles, tested upper resistance and has failed.

Crypto no doing much for three weeks now, virtually unchanged, see the weekly charts.

Keep stacking. Go get you some.

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