Quick Update
Markets Stall, Pres. Debate
With the presidential debate looming over the markets right now, we figured that our call for increased uncertainty will continue not only into the election but far after as well. We are very curious to see how tonight’s debate goes and we feel that Biden has far more to lose than Trump.
Anyway as far as the markets, and we apologize we can’t post a lot of content right now as we have other things going but will get back to usual next week. For now here is what we see. The Nasdaq has once again failed near the 11500 area:
As far as the other markets, the bonds haven’t gone much of anywhere and looking like they have consolidated awaiting the next equity move lower to usher in new low yields data courtesy of Tradingview.com:
Equity picture clearly shows the snapback rally has been walked back a bit today:
The US Dollar posting weakness today but above 92.00 still seems like a stronger dollar move is in order:
Rounding out the markets that we cover, Energy getting beat up today and the heavily manipulated Nat Gas market with a chunky 10% down move. Meanwhile Gold and Silver posting big gains today:
Here is Silver:
Our recent LinkedIn post on JPMs Blythe Masters and the ongoing saga of market manipulation has gained some decent views and you can read the post here, JPM BMasters
Alright that’s it for today, thank you for allowing us an opportunity to give you our viewpoint. We are very interested in tonight’s presidential debated and look forward to Joe Biden answering questions, as we stated, it seems like he has a lot to prove here to his base. As for the markets, as our long time readers know, we expect volatility to continue here both up and down across all the markets as the future is very uncertain. Our focus is to keep your trading and investing thoughts grounded and well informed as to any technical issues or fundamental issues that may arise.
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-Magnelibra Econemotions
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