Authored by Lance Roberts via RealInvestmentAdvice.com,
Key market indicators for November 2024 present a complex but opportunity-filled environment for traders and investors. Following the first phase of Federal Reserve rate cuts and growing global uncertainties, the technical landscape suggests several notable shifts. Let’s explore the key market indicators to watch.
Note: If you are unfamiliar with basic technical analysis, this video is a short tutorial.
As discussed recently, Seasonality is a crucial key market trend in November. Historically, the stock market transitions from the weaker summer months into a stronger end-of-year rally, often dubbed the “Santa Claus Rally,” beginning mid-December. On a rolling 6-month basis, November to April has both the highest percentage returns and the highest hit rate at 77%.
The seasonal trend is reinforced by the weekly MACD (Moving Average Convergence Divergence) signal crossing into bullish territory, hinting at upward momentum through the year-end. The previous two seasonal “buy signals”have worked well for investors. However, that signal does not …