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Technical Commentary on US Equities

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Day: November 20, 2020

Commentary

11/20/20 – Mid Afternoon Signals

November 20, 2020 Josef Friedman

Sometimes playing xFF doesn't work out, but that definitely isn't an issue with these signals as there is no xF in sight. Trend following remains active as it has since the end of October. Seems like a decent place for a long term investment (holding over the weekend). Famous last words.

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Commentary

11/20/20 – Current Signals

November 20, 2020 Josef Friedman

The foxes are bullish for Lipstick day as SPY consolidates above the 3 month long congestion area. SPY and QQQ are hovering around last week's close while IWM and RSP are just above last week's open. The event risk over the weekend looks balanced between fear and greed.

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