Tuesday, October 13, 2020

Fed creates new bull market

INO.com

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Dear Edward,

A radical mandate declared by a group of 12 unelected officials...

That's all it took for the fate of the markets to be sealed.

For some, it will turn into the greatest wealth-building opportunity we'll ever see in our lifetime.

MarketWatch1 says this will "keep the stock market rising."

CNBC2 reports that the few times it happened in the past it "led to boom times for stocks."

This time around the DOW could skyrocket.

As Motley Fool suggests, "A near-quadrupling in the Dow Jones Industrial Average is a very real possibility."

But those who are unprepared will miss this massive new bull cycle.

Because it's all happening beneath the surface.

In fact, right now, an influx of money the likes of which nobody has ever seen before is flooding the stock market.

Yet, nobody's talking about it.

Don't get left behind.

Watch this video briefing before it's too late!

Sincerely,

Jon Markman, Editor
The Power Elite


1Marketwatch.com
2CNBC

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Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 28772.97 -64.55 -0.23%
NASDAQ Composite 11856.92 -19.34 -0.17%
S&P 500 3526.10 -8.12 -0.24%
SPDR S&P 500 351.59 -0.84 -0.25%
iShares Russell 2000 ETF 162.505 -1.285 -0.84%
U.S. STOCK INDEXES

The December NASDAQ 100 were higher overnight as it extends the rally off September's low. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the NASDAQ 100 extends the rally off September's low, September's high crossing at 12,444.75 is the next upside target. Closes below the 20-day moving average crossing at 11,344.75 would signal that a short-term top has been posted. First resistance the overnight high crossing at 12,249.00. Second resistance is September's high crossing at 12,444.75. First support is the 20-day moving average crossing at 11,344.75. Second support is September's low crossing at 10,656.50. Third support is the 38% retracement level of the March-August-rally crossing at 10,354.13.

The December S&P 500 was lower overnight following a report that Johnson & Johnson's Covid-19 vaccine study has been paused due to an unexplained illness in a participant. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, September's high crossing at 3568.80 is the next upside target. Closes below the 20-day moving average crossing at 3361.33 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 3532.80. Second resistance is September's high crossing at 3568.80. First support is the 20-day moving average crossing at 3361.33. Second support is the 25% retracement level of the March-August-rally crossing at 3228.49.



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