The market pullback hard this week with all the indecision occurring in the political markets. The virus, the lack of economic stimulus packages, the indecisiveness of the polling. Although there are some potential bullish sectors and bearish sectors to consider, the necessity to do any heavy investing/trading this week is probably ill-advised until the election results are tabulated, which may or may not be by the end of the week. The construction sector has shown strong bullish signals, EVA, SUM, CX, ORN, TPC. The automotive sector is showing weakness, providing some short opportunities. NIU, TSLA, AGNT, WGO, F. Do not expect any strong directional movement of the markets until after Tuesday’s elections. This will put more emphasis on analyzing what each individual stock chart is conveying, whether in a strong or weak sector or not. The trading strategy for the week is to keep your powder dry.
