{"id":2396,"date":"2020-11-30T14:27:00","date_gmt":"2023-03-31T20:19:11","guid":{"rendered":""},"modified":"2024-05-29T08:28:16","modified_gmt":"2024-05-29T08:28:16","slug":"daily-market-outlook-the-dow-heading-for-the-best-month-since-1987","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/fr\/daily-market-outlook-the-dow-heading-for-the-best-month-since-1987\/","title":{"rendered":"Daily Market Outlook – The Dow heading for the best month since 1987!"},"content":{"rendered":"

Despite most major indices opening in the red today, the Dow Jones is heading toward recording its best month since 1987, up by 13% to date. Both the SPX500 and NAS100 are also up, to date, by 11%. Vaccine developments and Biden’s success has boosted optimism as the market moves to a risk-on environment.<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

In major US news, Joe Biden, the 46th US president-elect, has commenced forming his future administration following the GSA’s (General Services Administration) official <\/span>announcement <\/span><\/a>recognizing Biden’s win. Biden’s pre-presidency duties, however, kicked-off on a rather awkward note, with news of the President-elect <\/span>fracturing<\/span><\/a> his foot. In the meantime, Dr. Anthony Fauci <\/span>spoke<\/span><\/a> with the ABC, confirming he expects a new wave of COVID-19 cases surrounding the holiday season, strongly recommending residents to travel with caution.  <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

In major EU-UK news, Simon Coveney, Ireland’s Foreign Minister, <\/span>warned<\/span><\/a> fishing continues to be the hot issue surrounding Brexit trade talks, and could potentially be the downfall of the current deal. Separately, UK Consumer credit fell by £0.6bn while Mortgage Lending reached £4.3bn, lower than the forecasts in October. <\/span><\/p>\n

In corporate news, China’s Ministry of Industry and Information Technology has granted <\/span>approval<\/span><\/a> for Tesla commence sales of its Shanghai-made Model Y sports utility vehicle. Airbnb and Doordash are the <\/span>upcoming<\/span><\/a> hot IPOs as Airbnb’s expected float to fall between $30bn to $33bn, whilst Doordash expects to float between $25bn to $28bn respectively. <\/span><\/p>\n

Reviewing the technicals, SPX500 consolidated between 3610 and 3645 area for 3 days, while MACD started forming slight negative divergences and the index struggled to remain above the 5 EMA. Likewise, NAS100 is flirting with 5 EMA and keeps nicely following the rising trendline. <\/span><\/p>\n

SP500 daily
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NAS100 daily
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Gold is under selling pressure after losing the 200SMA while it’s currently testing the 50% Fibonacci retracement level and RSI remains oversold. <\/span><\/p>\n

XAUUSD daily
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Heading to the USoil,  the session opened in red ahead of the OPEC+ meeting where the produces will decide, whether or not, will extend major output cuts. Nevertheless, as long as the commodity remains above the rising trendline and 50 SMA, the bias remains bullish.   <\/span><\/p>\n

USoil 240min
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Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite most major indices opening in the red today, the Dow Jones is heading toward recording its best month since 1987, up by 13% to date. Both the SPX500 and NAS100 are also up, to date, by 11%. Vaccine developments and Biden’s success has boosted optimism as the market moves to a risk-on environment. CopyTrade […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2396","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"26271bd7dcadd3c7abb83bfc80d02932\";s:6:\"images\";a:4:{i:0;s:58:\"\/image.axd?picture=\/2020\/30112020\/SPX500Daily 30112020.png\";i:1;s:58:\"\/image.axd?picture=\/2020\/30112020\/NAS100Daily 30112020.png\";i:2;s:58:\"\/image.axd?picture=\/2020\/30112020\/XAUUSDDaily 30112020.png\";i:3;s:58:\"\/image.axd?picture=\/2020\/30112020\/USOilSpotH4 30112020.png\";}}"],"_edit_lock":["1716971298:4"],"rank_math_primary_category":["2"],"rank_math_seo_score":["17"],"_edit_last":["4"],"rank_math_analytic_object_id":["144"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts\/2396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/comments?post=2396"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts\/2396\/revisions"}],"predecessor-version":[{"id":4023,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts\/2396\/revisions\/4023"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/media?parent=2396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/categories?post=2396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/tags?post=2396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}