The key US Equity stock indexes (SPY, QQQ, IWM, DIA) all digested their recent gains and closed within +/- 1% of the prior weeks close.  Big Market players are placing their bets on who they think will be the next President and it is unclear from current price action who that is. A case can be made for both candidates winning as pretty much everything is going up.

This week’s snapshot is from our new product and our new division … “MarketgaugePro” for trading professionals.  It includes a report (about to be released) from our new partner, StockOdds. StockOdds has developed a cutting-edge Odds Engine. It is showing that Gold Miners and Financial stocks should have strong results for the upcoming week. Let’s see how that plays out.

The highlights of this week’s market action are the following:

• Key US Stock Indexes paused this week, while IWM worked off overbought readings
• The Risk gauges remained positive
• Mexico is best performing country fund (+12%) over past three months
• China (FXI) is forming a massive basing pattern
• Utilities, usually a defensive sector has remained in strong bullish mode outperforming the SPY defying logic during this recent bull run
• Market Internals came off hard and if weaken further could be an important heads up to a selloff
• Emerging Markets are performing well
• Gold Miners and Financials have the best odds for a positive week

Video Length: 00:07:12