 Good morning, ladies and gentlemen and welcome to your daily news update from the Frankfurt Office of CMC markets Yesterday was a good day at the on the stock markets Investors got back into risk after the FBI cleared the way for Hilary Clinton In their investigations about their email about the email scandal that has increased the chances People interpreted that news increased the chances of Hilary Clinton really Actually making it to the White House before that yesterday before yesterday So every day until Friday has been a very bad day. So in seven Trading days up until Friday of last week in seven out of nine days We had so-called distribution days. So with every day So we had nine losses in a row was the longest lot losing streak since 1980 on Wall Street and in seven out of those nine days. We had so-called distribution day So volume on the S&P 500 volume in the Nasdaq went up day by day and so that is a sign actually that That institutionals have been selling stocks and have been selling equities Going into that election and that is the big difference to those other Finite dates that we had this year if you compare it to praxit for example We had strong equities strong moves and strong trends into into that referendum date Now we have Up until yesterday, of course, we had a weak trend going into that and if you look at the leaders If you look at Fang stocks like Facebook and Amazon and Netflix They have lost around a hundred billion dollars of market cap on until Friday They were on par with the recovery with the bounce that we had yesterday But as Jesse Livermore said the famous trader if you can't make money in the leaders You will have trouble making it in the market overall. So it will be really It might take some time to repair the technicals And some money managers might have gone cautious Until the dust settles and we get a clearer picture of the trend that we have when it comes to the DAX Yeah, yesterday was really a Beautiful day because everything went up but you have to put that recovery into the context of the strong volume correction that we had in the nine days before and Yeah, that might just need a little more time to repair What we need is when we get the election results this night We need some sort of post praxit praxit type of move. We need a strong rebound We need something To get money managers that have been going out of the market to re-enter it and go back to In into long positions and equities unless that happens And there is a good chance that this That the market needs more time really to Yeah, to to repair the damage that has been done in the charts When it comes to my experience how should a trader go into that election day that we are going to To have today and tomorrow with the results I think that it's good that you should not anticipate the markets But you should just interpret the markets just read the charts and read the signals that the market gives you You should not go Ultra bearish because in the end, you know, we had those very very negative Dates in the past year with praxit We we had so much negative news and the markets are just at an all-time high or near an all-time high with the footsie 100 with the S&P 500 the DAX is a little Special situation it's 15 percent below its all-time high, but all in all There is a high resiliency in the markets. And so even though Even if there should be any correction with Trump winning today I don't really think that with the Federal Reserve In the back with all the ultra-lose monetary policy that there will be really a Major market crash and so some are going to think about entering the Entering the market might be that the S&P 500 if you look at the August low This low should not be Should not be broken. So Unless we pray that we will still be in an uptrend in an uptrend move from a technical perspective And so that is really something that you shouldn't you should need to find out when you look at the charts But what I want to see I want to say is that things Can repair quickly. Yes, but we need some post-praxis type of recovery post-praxis praxis type of Move and that should be the positive scenario The other scenario would be that the markets are reacting negatively Then the August low in the S&P 500 would be very important The market should not break lower below that support And the worst case scenario for today is clearly that there will be no no clear Vote counts coming out If it's just unclear like it was between Al Gore and George W. Bush back in the year 2000 it took until mid-December until they know or until they knew that George W. Bush actually made it And so that situation would be the worst case outcome for that election So let's hope that just that is not happening