Are the markets predicting an Obama win or a Romney win?

INO.com 2012-11-05

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Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 5th of November.

Make no mistake about it, the markets will likely be quiet for today and tomorrow. When the eventual President is announced, perhaps on Wednesday or Thursday, the markets will decide which way they want to move.

Here's what the markets are telling us right now:

Equities: Mixed picture
Metals: Mixed picture
Dollar: Mixed picture
Crude Oil: Negative trend

With 75% of the markets we track in a mixed picture mode, our Trade Triangle technology is reflecting the statistical tie that the polls are currently suggesting.

Only after the election do we expect to see trends once again resume in the markets. Historically when a Democrat gets elected, the market tends to go down in November. When a Republican gets elected, stocks tend to move higher in the month of November.

Like myself, I am sure you may be suffering from election exhaustion and you would like to see this election cycle over. Only then can we can focus on the economics and trends in the markets.

Now, let's go to the markets and see what our Trade Triangles are indicating.

Have a great trading day and don't forget to vote!

Adam Hewison
Founder & President INO.com and co-founder of MarketClub.com.

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