from King World News
As we continue trading in the month of November, this has never happened before, plus a look at gold, silver and the US dollar.
This Has Never Happened Before
November 4 (King World News) – Jason Goepfert at SentimenTrader: The S&P 500 closed up more than 2%. On the NYSE, there was more volume in declining securities than advancing ones. That’s never happened before.
US Dollar Sentiment
U.S. Dollar optimism index’s 100 day average is at its lowest level in more than 10 years. There’s a strong risk that the USD could rally from here. Given the inverse correlation between the dollar & stocks, this is as a major risk for U.S. stocks (see chart below).