Semiconductors, oil and gold, reading the charts after a wild week | Ep 2

After a brutal week for tech and semiconductors, Axel Rudolph and Eddie Tofpik return to see what’s changed. They dig into the Philadelphia Semiconductor Index’s 12% decline and the near 7% rally back, why the Dow held above its September low while other indices broke down, a striking midterm election statistic, since 1950, the S&P 500 has never fallen in the 12 months following a midterm election, and has risen 19 out of 20 times at the 6 month mark. They also cover Brent crude’s 22% decline from its October high and the trade Axel didn’t take, a breakout forming in gold, and close with a look at the VIX and Axel’s live Trade of the Week, a short position taken this week. Timestamps 0:00 Welcome back, continuing where we left off 1:15 The semiconductor index’s sharp decline and rally 8:36 Why the Dow held above its September low 12:01 The midterm election statistic going back to 1945 13:14 Brent crude’s 22% decline, and the trade Axel didn’t take 19:04 Gold breaking out of its pattern 29:35 The VIX, and Axel’s live short trade 📈 Catch more market commentary and insights on our channel. Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://www.ig.com/uk/investments?region=uk&utm_medium=organic_social&utm_source=youtube&utm_campaign=description&product=investing&utm_marketing_tactic=consideration&utm_creative_format=text_link&utm_content=yt_description&audience=na Your capital is at risk. 70% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. #TechnicalAnalysis #ChartAnalysis #StockMarket #Gold #Oil