Daily S&P 500 INDEX TRACKER

[Valuegrowth]

November should be better than October and September. However, I don’t expect big jump in developed markets until end of this year. Instead, we could see Santa rally and rally in individual stocks. I particularly more bias toward global food related stocks. They are one of the categories which can produce good earnings. On Friday McDonald's Corp. (MCD) gained nearly 3% after the fast-food giant reported better than expected earnings.

So far Both MCD and Microsoft reported better than expected earnings.

https://www.bloomberg.com/news/artic...osted-by-cloud

Currently (using the monthly candles) we await a bullish outcome in November based on a potential rising three methods.

Attachment 8374
We had the breakout above the previous high during the month of July. We still await the fourth candle (long and green hopefully) to satisfy the requirement of the candle pattern. Current red candles are price coming back to find support at the high of 2015.

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