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Hello Traders,
Thanks to those of you who joined us today. I should reiterate that the Monday Market Update is just that. A big picture overview of the markets, with a few ‘charts of interest’ thrown in. There are no trade recommendations, this is not a signal service, nor trade recommendations – just what I am looking at and interested in.
The Monday market update for November 25, 2024, highlighted the US dollar’s continued strength, now joined by the Australian dollar, while the British pound has weakened significantly. The Euro and Kiwi dollar also showed weakness, influenced by the US election results and the selection of Mr. Bessent as the new US Treasury Secretary. Key charts included META’s bearish reversal, Netflix’s parabolic rise, and MicroStrategy’s Bitcoin-driven surge. Upcoming US data releases and the Thanksgiving holiday were noted as potential market movers. The Swiss franc showed unusual weakness on Friday afternoon, indicating possible market manipulation.
Today we looked at; FX STAM, Meta platforms ($META), Netflix Inc ($NFLX), Super Micro Computer Inc ($SMCI), MicroStrategy Incorporated ($MSTR), Zoom Video Comms ($ZM), SPDR Health Care ETF ($XLV).
We also covered the usual suspects: $DJIA, $NDX, $SPY, $RTY, $DAX, $FTSE, $N225, $WTI, $XAUUSD, $XAGUSD, $BTCUSD, $USD, $DXY, $JPY, $AUD, $CHF, $NZD and $GBP.
Have a great trading week, and I’ll see you next Monday at 1230.
Trade well,
Paul
https://linktr.ee/tradingbeliefs
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November 25, 2024
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