Election Results Are Rolling In - What To Do?

An Updated Look at the Map of the Markets

Good Election Day evening;

Earlier today, I posted an update (on 𝕏) as stocks were trying to find a firmer footing. This slightly differs from yesterday’s version, showing the futures contracts for the SP 500, Nasdaq, US Dollar, and the VIX volatility index instead of the stock index ETFs normally included.

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Here’s the post from earlier today with the explanation —

And here is the current chart —

click to enlarge

Stocks rose to test the declining 5-day MA (blue line) while the Dollar and VIX futures went lower. Later in the day, we saw the 5-day MA in stocks get successfully retested, sending stock futures higher again.

That’s a solid first step, possibly telling us that market participants are optimistic about a timely declaration. We’ll wait for the official results rather than hazard a guess or prediction. That wouldn’t be helpful anyway.

What will help is having a plan for multiple outcomes.