DOW JONES Bearish Divergence on Schiff-Pitchfork

October is bad for stocks. $SPY $DIA $QQQ $VXX $UVXY $GLD $IWM

Kommentar:

DOW hits 20 Day and SPX hits 50 Day SMA. We may pause here for a moment.

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Hanging out on 50 day SMA.

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Ugly -600 point day.

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We haven't seen this type of volatility since early February, and it is apparently for the same reasons. The lesson is that when bonds start to make new 52 week lows rapidly that the rate shock hits the stock market about 1-2 weeks later.

Kommentar:

We are nearing the base rail of the fork. This could present some buying opportunities as October is generally a large bottom in the market into the Xmas rally.

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