{"id":62026,"date":"2024-11-07T02:00:00","date_gmt":"2024-11-07T07:00:00","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=62026"},"modified":"2024-11-07T09:04:39","modified_gmt":"2024-11-07T14:04:39","slug":"market-trends-november-7","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/","title":{"rendered":"Election Ignites Banks, Transports, Metals: Market Trends This Week"},"content":{"rendered":"\n<p>Downloads are available&nbsp;<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-public-materials-Oct-2024b.zip\">here<\/a>.&nbsp;TradeStation\u2019s ideas on TradingView are available&nbsp;<a href=\"https:\/\/www.tradingview.com\/broker\/TradeStation\/ideas\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n\n<p>Check out our next \u201c<a href=\"https:\/\/streamyard.com\/watch\/7DeStNgnrPUB\" target=\"_blank\" rel=\"noreferrer noopener\">State of the Market<\/a>,\u201d on Monday, 11\/11.<\/p>\n\n\n\n<p>Tickets for the Crossroads Summit 2024, sponsored by TradeStation Group, can be&nbsp;<a href=\"https:\/\/www.tradestation.com\/insights\/2024\/09\/12\/market-trends-september-12\/#popmake-60802\">accessed here<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sizing Up the S&amp;P 500<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 passes 5,900 after decisive Trump election victory<\/li>\n\n\n\n<li>2.5% gain is biggest since November 2022<\/li>\n\n\n\n<li>135 new 52-week highs, the most since May 2021, according to TradeStation Data.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"494\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20241106a-1024x494.jpg\" alt=\"\" class=\"wp-image-62044\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20241106a-1024x494.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20241106a-300x145.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20241106a-768x370.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20241106a-1536x741.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20241106a-696x336.jpg 696w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20241106a-1068x515.jpg 1068w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20241106a-871x420.jpg 871w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20241106a.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">S&amp;P 500, daily chart, with select patterns and indicators.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Gainers on Trump Win<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>UNH, HUM: Health insurers gain on reimbursement optimism<\/li>\n\n\n\n<li>CLF, NUE, STLD, CMC, RS, GGB: Steel stocks rally on tariff hopes\n<ul class=\"wp-block-list\">\n<li>ATI, AZZ, KMT: Related metal stocks<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>WFC, GS, JPM, MS, SYF, DFS, RF: Banks \/ financials gain on deregulation hopes\n<ul class=\"wp-block-list\">\n<li>KBW Bank Index ($BKX) +11%, biggest gain since November 2020<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>DJ Transports ($DJT) +5.4%, biggest gain since November 2022\n<ul class=\"wp-block-list\">\n<li>Truckers: SAIA, ODFL, XPO, KNX<\/li>\n\n\n\n<li>Railroads &amp; suppliers: NSC, TRN, CSX<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Potential &#8220;regime changes&#8221;\n<ul class=\"wp-block-list\">\n<li>Financials breakout but tech is below summer peak<\/li>\n\n\n\n<li>Software breaks out as chips lag<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Using the Platform<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Scanner can help discover stocks in emerging groups like metals, industrials, financials <\/li>\n\n\n\n<li>Scanner: \n<ul class=\"wp-block-list\">\n<li>Criteria \u2192 Indicator \u2192 Sector &lt;> &#8220;&#8221;<\/li>\n\n\n\n<li>Criteria \u2192 Indicator \u2192 Industry &lt;> &#8220;&#8221;<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Upcoming Events<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Earnings this afternoon: ANET<\/li>\n\n\n\n<li>Fri 11\/8: Consumer sentiment<\/li>\n\n\n\n<li>Wed 11\/13: CPI\n<ul class=\"wp-block-list\">\n<li>Earnings: CSCO<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Thu 11\/14: PPI, crude-oil inventories\n<ul class=\"wp-block-list\">\n<li>Earnings: DIS<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Downloads are available&nbsp;here.&nbsp;TradeStation\u2019s ideas on TradingView are available&nbsp;here. Check out our next \u201cState of the Market,\u201d on Monday, 11\/11. Tickets for the Crossroads Summit 2024, sponsored by TradeStation Group, can be&nbsp;accessed here. Sizing Up the S&amp;P 500 Gainers on Trump Win Using the Platform Upcoming Events<\/p>\n","protected":false},"author":39,"featured_media":54840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1276],"tags":[],"class_list":["post-62026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-trends","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Election Ignites Banks, Transports, Metals: Market Trends This Week | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Election Ignites Banks, Transports, Metals: Market Trends This Week | Market Insights\" \/>\n<meta property=\"og:description\" content=\"Downloads are available&nbsp;here.&nbsp;TradeStation\u2019s ideas on TradingView are available&nbsp;here. 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Sizing Up the S&amp;P 500 Gainers on Trump Win Using the Platform Upcoming Events\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeStation\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-07T07:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T14:04:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-Trends-hero-headshot-right.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1068\" \/>\n\t<meta property=\"og:image:height\" content=\"535\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Russell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:site\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Russell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/\",\"url\":\"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/\",\"name\":\"Election Ignites Banks, Transports, Metals: Market Trends This Week | Market Insights\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-Trends-hero-headshot-right.jpg\",\"datePublished\":\"2024-11-07T07:00:00+00:00\",\"dateModified\":\"2024-11-07T14:04:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/#primaryimage\",\"url\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-Trends-hero-headshot-right.jpg\",\"contentUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-Trends-hero-headshot-right.jpg\",\"width\":1068,\"height\":535},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/11\/07\/market-trends-november-7\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tradestation.com\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Election Ignites Banks, Transports, Metals: Market Trends This Week\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\",\"url\":\"https:\/\/www.tradestation.com\/insights\/\",\"name\":\"Market Insights\",\"description\":\"Fresh market commentary and actionable trade ideas.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\",\"name\":\"David Russell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"caption\":\"David Russell\"},\"description\":\"David Russell is Global Head of Market Strategy at TradeStation. 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