The Urge to Surge

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Over the course of a week, we’ve come full circle (or at least full semi-circle). Here we see the /RTY has undone last week’s job handily. (I know a lot of you are saying it’s because the President you’re so crazy about is going to win in a landslide; we’ll see).

rty

The price gaps are still holding. Here’s the S&P 500 index:

slopechart SPX

Its little brother, the S&P 100:

slopechart OEX

Even precious metals equities are respecting their price gap.

slopechart HUI

The tech sector is even weaker; it is right at the underbelly of its long-term trendline:

slopechart COMPQ

Lastly, here’s the Dow Jones Composite. Of course, the results of today’s election put all these price gaps right in the crosshairs.

slopechart COMP

I’m going to wander into the comments section of the last post and see how you animals are treating each other.