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?

Money Vikings (Jerry)

and

Greg Money Viking

Nov 06, 2023

∙ Paid

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