Expect A Moderately Good Week
Indicators are slightly mixed, but the market itself has been getting better.
The McClellan Oscillator is at 14.00 and it’s still creeping up, but this time in the positive. We should finally have a good week.
Expect some shaky behavior of course, but nothing like the previous weeks.
RSI is at 65.61 and being weird.
I thought RSI would go back down, but instead it’s converging to a weird place slightly beneath the upper limit, where it’s considered “overbought”.
Catalysts: Soon to prepare for election
In a few months — I’m guessing by April or May — I’m going to begin talking about how to prepare for the election in terms of investment decision-making.
This blog is NOT about politics, and will be void of any political biases or opinions. Nevertheless, as we’ve seen in the past, politics have an impact on the stock market. Rather, I’ll be giving my opinion of political dynamics, and namely how election and poll results will influence the market. Just to be upfront, I don’t think it will impact the broader market that much.
However, there are few key markets that might shoot up if a candidate will win. These are opportunities I want us to be aware of.
A couple key (generally bi-partisan) news sources I plan to follow are FiveThirtyEight, Politico, and the Associated Press (aka AP).