Riding the Post Election Wave and My Weekly Portfolio Moves

November 11, 2024 - Update

Let’s start with the NASDAQ weekly chart. The index had a very strong week, closing up +5.7%:

• All key moving averages are pointing upward.

• Strong bullish candle with high volume.

• The NASDAQ is outperforming the S&P 500.

• Positive momentum, with a recent bullish crossover in the MACD.

• We are not yet in an overbought zone.

From a macro perspective, we have: