Money Vikings Investing - Week of 11/06

In This Issue: Market Report, Finviz/Sector Analysis, Weekly Sentiment Analysis, New Rules for Money is 2024, Where Do We Go Now?

Above is the weekly view of the S&P 500, and it gained over 5%. This week showed positive developments because we now have the SPY above the 200 and 50 EMAs again and the VIX below 15. So all clear for an end of year rally? It seemed that 420 was the line in the sand last week for sentiment to change. I’d like to see SPY above 440 which closely (not perfectly) intersects with the upper downwards trend line drawn in black on the picture above. While earnings starts to calm down, there are still statements from Powell, and new inflation readings to watch for. As 2014 comes to a close, be sure to check out Greg’s Gun’s & Roses inspired YouTube video “Where Do We Go Now?”

We have made some new additions to the site and have a fairly dynamic Market Summary Page that stays updated throughout the day with key tickers, heat maps, technical analysis, market charts, economic events, and volatility. Some of the areas are delayed, but they give a good sense of the overall day. Please let us know what you would like to see on our site and if you have any custom widgets you would like to see included.

Greg & Jerry

Finviz Heat Map & Market Summaries 10/30-11/03 (Weekly)

Summary of trading between 10/30 and 11/3. Kermit the Frog would be happy!

VIX, Fear & Greed Indicator

The VIX continues to decline and closed below 15. This is good for those hoping for a continued rally.

Almost back in Neutral, up 15 points since last week.

AAII Sentiment

The 11/1 survey was on Wednesday where we were just starting to see a rally. Investors weren’t convinced that the upward momentum would continue. Will be interesting to see next weeks results.

Interest Rates

Rates continue to fall this week, and the speed between the rates continues to narrow. Premium Members, see my TLT Hot Trade this week for a bullish bet on bonds through year end.

Economic Events & Earnings

Our favorite REIT, Realty Income reports after the close on Monday. Despite being down 20% for the year, it continues to pay monthly dividends and Greg did some recent dip buying.

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New Rules for Money in 2024

Where Do We Go Now?

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TLT Bull Put Spread (for a credit on entry)