I had mentioned a good play on the election was buy 1 week out of money gold binary options and sell out of money NASDAQ 100 1 week. It paid off. Now that Trump won I think the play is short the USDMXN, buy XAUUSD, GBPUSD and Natural Gas.* * McDonalds performed very well during the past few days rising from $112 to $114. I consider this a strong bullish signal although I think a pullback to $113 is likely before a breakout is established above $118.* Wendy's quarterly sales beat estimates while revenue fell 21.6% to $364M having fewer restaurants.* Viacom revenue fell 14.8% to $3.23B, $70M short of estimates. This doesn't surprise me considering TV these days is less relevant and worth watching than ever.* The S&P 500 rose steadily so far this week but with the Nikkei 225 down drastically and Trump's victory being surprising I anticipate most of this weeks gains will be reversed and the US stocks will complete a full fledged correction stabilising downwards another 3-5%.* The English FTSE 100 had a volatile day so far by opening down, recovering completely and then pulling back to around this weeks average price.* The Nikkei 225 was crushed 5.36% on the prospect of a Trump victory. I think this is a bearish signal for the Japanese Yen with a 3-9 month outlook. Surprisingly the Shanghai Composite Index closed down only 0.62% illustrating independent status.* Gold pulled back the past few days after building momentum last week. With Trump victorious international concerns might strengthen the already bullish case for gold.* Crude Oil finally ceased moving down and turned up around $0.75 from $44. I'm bullish but prefer Natural Gas.* In currency markets since Trump emerged winner the New Zealand Dollar is the victor while the Japanese Yen is the loser. Through the week the strongest currency was the US Dollar followed by the Australian and Canadian Dollar. With the surprise Trump win it the US Dollar might turn down although I wouldn't count on it. On the other hand you can count on the NASDAQ having a very red day today.* US Treasury Bond yields are continued upwards. I consider this a good sign Gold bullish.* Today the German DAX Index opened around $10,200 from around $10,500 at close yesterday. It rebounded sharply within a handful of hours yet it appears indecisive over whether or not it will complete a reversal from the latest pullback yet.* India withdrew 500 and 1,500 rupee notes from circulation in a bid to disadvantage tax avoiders and counterfeiters. These notes are only worth $7.50 and $15 respectively so I'm sure this is a major disruption for average Indians. Meanwhile India's National Stock Exchange slumped as much as 6.3% in early trade. It's a simple solution for a very complicated problem and it goes to show an advantage of a developing economy.* Egypt announced it will float its pound and Egyptian officials raised rates by 3% bringing the overnight deposit rate to 14.75%! I am fanatically pleased about this development.
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