Trump Trade – How to Trade Stocks, Bitcoin, and the US Dollar

Wow, has the market ever responded to Trump/Musk winning the election!

Recorded on November 6, 2024

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Key topics and questions David and I talked about include:

  • 0:00Market reaction to Trump’s win: Why did the markets pop on the result of the election?
  • 6:00Market momentum: Does Trump/Musk being pro-business change my belief that we are in a stage three topping phase in the stock market?
  • 7:20Trump’s policies and markets: What would Trump have to do to change my mind on the cycle we are in right now so that we enter into a multi-year bull market?
  • 10:35Resistance levels: Is the $6000 level on the S&P500 a big zone of resistance?
  • 13:22Small caps outlook: Looking at the Russell 2000, will small caps outperform the S&P and/or the Nasdaq in the next quarter?
  • 15:30When to take profits: Are the pops in the market an opportunity to take some profits?
  • 21:00Gold, US Dollar, and Bitcoin: On a huge single-day drop, is now a good time to buy gold? Following that, the DXY had huge gains while gold fell. Am I bullish on the US dollar? What’s my take on Bitcoin – is it overbought or starting a new uptrend?

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Chris Vermeulen
Chief Market Analyst
TheTechnicalTraders.com

Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the interview date but may not be accurate in the future.