The week 09.11. – 13.11.2020

The S&P500 was caught between the news of a breakthrough in vaccine research and the announced legal mud-slinging in the U.S. presidential election. In addition, there were reports of increased infection rates in U.S. cities and debates about possible lock-downs. Thus the market, as it opened the week, ended up trapped in mutually neutralizing sentiments – greed and fear. We pointed out in the previous report that in overnight trading there were positive price movements that were released during the trading day. This trend continued over the past week. Although ONE SIGNAL generated long signals for the entire week, the S&P500 performed comparatively better due to positive overnight trading.