Thursday, November 19, 2020

Global Stocks Retreat on Rising COVID-19 Cases

What the stock market is assimilating into its price right now...

Published: November 19, 2020

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Global Stocks Retreat on Rising COVID-19 Cases 

Global stock markets fell this morning as the rise in COVID-19 infections in the U.S. and Europe outweigh investor confidence about a potential vaccine. 


State and local governments around the U.S. are now imposing stronger precautionary measures (like limiting the size of gatherings, banning indoor restaurant dining and closing gyms) as new daily confirmed COVID-19 cases near 160,000.  


It's like March all over again, folks… 


Even though Pfizer Inc. (NYSE: PFE) said Wednesday that its vaccine seems to be 95% effective in preventing COVID-19, it doesn't ensure the drug will be approved by U.S. regulators or how long it will take to be distributed if approved.


In today's video, I have more on what the stock market is assimilating into its price right now… an update on medium-term momentum levels for all major indexes… which resistance levels are broken… and one low-risk, high-probability trade setup with its projected profit level. 

Get today's market action

Global Shares Mixed After COVID-19 Vaccine News



November 17, 2020

Global stock markets are mixed this morning after hopes for a potential COVID-19 vaccine only lifted a handful of regional indexes.

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Global Stocks Rise After More COVID-19 Vaccine Data



November 18, 2020

Global stock markets are higher this morning after a second COVID-19 vaccine showed promising results, even as new cases continue to surge around the globe.

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