The DOW has made higher lows and is now in the process of
pulling back to its trend line. This is consistent with a minor retracement
from modestly overbought levels.
Note that if Traders get a sense that the Fed may not pause,
or figures out that Oil still remains pricey, we may see more giveback of the
rally. This does not affect our expectations for the rest to grind higher
through November, and then . . .
Quote of the Day:
"The two most abundant elements in
the Universe are Hydrogen and Stupidity."
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.