The village chief said 11.06 market analysis, what to watch this week and what to watch today

Preface

Data released by Da Meili shows:

The unemployment rate in October was 3.9%, higher than the expected value of 3.80% and higher than the previous value of 3.80%.

The seasonally adjusted non-agricultural employment in October was 150,000, lower than the expected value of 180,000 and lower than the previous value of 336,000.

The U.S. unemployment rate recorded 3.9% in October, the highest level since January 2022. Non-farm employment was significantly revised down by nearly 100,000 in August and September. The data slowdown is real and may be accelerating. The U.S. 10-year Treasury bond yield fell sharply from 5% to 4.5%.

The slowdown in today's data is due to Powell's dovish confidence yesterday. The US stock index rose and gold rose to $2,000.

Market review

The market basically rested at 34800-34500 over the weekend, without much movement. It can't be pushed down, which is in line with the trend of the weekend market.

Erbiao started to make up for the increase over the weekend and broke through the previous high, reaching around 1914. Other small coins followed suit. This weekend was considered a strong one, with many small coins breaking through the previous high. Now let’s see if the strength will continue this week. The current plan is still to focus on high altitudes, and low long positions will only be considered if the pie reaches at least 32,000.

Today’s highlights and this week’s views: This week’s views rose and fell

Let’s see if the pie can stabilize above 35,000 today and push higher again. The editor personally believes that 36,000 may be touched this week, and then it will start a callback mode. The pie has started an upward trend since October 19th, and there has been no correction so far. However, there is a high probability of a correction this week. The first point is between 33600-32800, and then between 32000-30800. The cottage will look at the waterfall, how it rises and how it falls.

High altitude and low multiple, mainly high altitude, reason: the step back is not in place.

The second pie is stronger than the big pie today, but only a little bit stronger. It is estimated that 1914-1950 is about the same, and we will see 1720-1680 below. The article is a personal opinion and does not constitute investment advice.