Stock Market Falls on Fears of Biden Win

[FortuneTeller]

https://www.newsmax.com/finance/streettalk/stock-market-biden/2020/10/28/id/994172/

 

[maxinger]

Luckily we don't read such news.
It wouldn't help in our trading.

Just focus on our charts and that should suffice.

 

[TimtheEnchanter]

Nobody knows why and traders do not care. If it is going down - always short, going up? Always long. News, gossip, opinions do not matter.

 

[d08]

It's about massive new CV restrictions in Europe, not Biden.

 

[Peter8519]

No more stimulus until after the election. Maybe the Fed can do something.

 

[Clubber Lang]

Maybe the Fed can do something.

LMAO
Because ZIRP, trillions in liquidity, buying junk bonds, the Fed Put, the PPT, etc aren’t enough?

The Fed IS the market.

 

[KCalhoun]

March selloff was coronavirus + Bernie

Current selloff = coronavirus + Biden

Next stop 2850

 

[trdes]

See move, go find news story = what benefit? I will never understand. Anyone that has decent TA has seen the larger charts been bearish for past 2 weeks and know probabilities were lower.

 

[wrbtrader]

It started in Europe Coronavirus (more restrtictions, martial law, curfews, talk of lockdowns).

It then became very easy for the U.S. markets to follow because Coronavirus is raging in the United States too along with the fact there's still no Stimulus Deal.

Markets started declining about two weeks ago for those that only follow the charts will clearly see many more Down Gaps at the open than Up Gaps.

Those that want to know why / blame - Europe Coronavirus, U.S. Coronavirus, No Stimulus Deal a Trump / Biden is just a big pimple on what's going on in the World right now.

wrbtrader

 

[smallfil]

Pullbacks can be deep or it can be shallow. Pendulum swings both ways. Bulls will reassert itself at some point. Longer term trend on the weekly charts still show a bullish uptrend. Read the stockcharts and be guided accordingly.