The markets responded loud and clear on Monday morning after the FBI cleared Democratic hopeful, Hillary Clinton, over her use of a private email server.
The following NinjaTrader Charts offer insight on market sentiment heading into the eve of the U.S. Presidential Election.
Dow Jones Industrial Average
Monday started with a bang as the DOW rose over 300 points to 18,230. This surge has been viewed as a political sigh of relief as investors regain confidence after a series of shakeups & surprises during the 11th hour of the U.S. Presidential race.
The CBOE Volatility Index
Largely used to gauge fear within the market, the CBOE Volatility Index (VIX), fell sharply to the mid 18’s. While the VIX has been on a steady incline since late October, this drop-off signifies that investors’ fears are slowing easing.
Dollar Index & Gold Futures
The ambiguity around the stability of the U.S. Dollar heading into the election trigged a strong bearish run the first week of November. However, the Dollar clocked in a .8% jump on Monday. Conversely, investors are drifting away from more tangible assets like Gold (GC), as it fell sharply down to the 1280’s. Combine greater confidence among investors with a pending rate hike in December, and its possible to see similar Dollar and Gold diverging patterns.
The above mountain style charts were created for FREE using the award winning NinjaTrader platform. Download NinjaTrader today and monitor investor sentiment as the U.S. Presidential election unfolds!