Today's chart & trading, page-1427

20DMA looks to be crossing 50DMA this week, nice big W bottoming pattern with a handle should work well with a close above $2.11 ...



+ US Mid-terms event risk for global markets over...

U.S. stock futures rose in overnight trading on Tuesday as the U.S. midterm elections played out just as investors expected with the Democrats winning back the House of Representatives and splitting Congress.
Investors believe the Washington gridlock scenario will be best for the market, allowing President Donald Trump's business friendly policies to continue, but keeping a check on some of his more disruptive market actions like the trade battle with China. History has also pointed to strong returns for equity markets when Congress is divided.
Overall, stocks typically do well when Congress is split and the White House is under Republican control. In those instances, the S&P 500 averages an annual return of 12 percent, according to Bank of America Merrill Lynch. "The best case scenario from here, in our view, might be gridlock: do nothing, and undo nothing," wrote Bank of America Merrill Lynch analysts and economists in a report leading up to the election.
But regardless of how the elections shake out, this is the best buying opportunity for investors before year-end, said Phil Blancato, CEO of Ladenburg Thalmann Asset Management.
"This is your entry point," he said, adding that positive seasonal factors, including strong holiday sales, should boost markets higher before the end of 2018. "You might get some volatility in the next couple of days as the market absorbs the result, but you buy those dips. ... Everything is telling you this is the time to buy" following the correction in October.

https://www.cnbc.com/2018/11/06/sto...nvestors-await-midterm-elections-results.html