Big bounce up in stocks so far today. Maybe all those share buybacks coming back around are gonna propel this bull to new all time highs soon...
Or maybe not, only the Dow has crept above its 200dma so far & just barely
S&P is still below the 200 dma with potential crosses coming soon
& the Nasdaq has had the worst October by far & still the farthest away from the 200dma of the big 3 US indexes
The Russell 2000 is well below the 200dma. The 50dma has crossed the 100dma & they’re both carrying a lot of inertia downslope.
Dollar just keeps getting stronger & stronger, something’s gonna give soon. Bitcoin catching a little bid up after touching the bottom of that 6k range. Oil down on some inventory propaganda & strong dollar
Bond yields are moving higher today. They can’t go too much higher without putting negative pressure on equities, not sure the fed can or wants to maintain that sweet Goldilocks spot anymore.
A lot has been happening in the last hour of trading & that’s what’s left of today. Always interesting to see how the trade unfolds.
Happy Halloween Fuck Sugar, Just Say No!
Looks graceful and gorgeous :)
Thanks for making your first comment on my post 🤝