Before the Open (Oct 9)

Good morning. Happy Friday.
Last week ended with 4 consecutive down days that again gave the bears hope, but 4 consecutive up days to start this week have crushed them again. All of last week’s losses have been recovered…the S&P is up 8 for the month and 40 for the week and is only about 15 from its high – not bad. …

Here’s the weekly…solid uptrend. My only complaint is the pullback wasn’t big enough. Getting 3 or 4 red candles to match the summer correction would have been nice.

I still think this trendline on the 60 is significant until it’s proven not to be. It’s been touched enough times in both directions to warrant attention.

Here’s the dollar chart. Short term shorts are fine, but until this chart breaks out and rallies, the market isn’t going to crash.

It’s Friday. Trim weak holdings and remembers, earnings season is here. Don’t enter or hold a position into a report. That’s not trading, it’s gambling.
headlines at Yahoo Finance
today’s upgrades/downgrades
yesterday’s Sector Performance
this week’s Earnings Reports
this week’s Economic Numbers
open a real-time futures demo account at…