Why Do So Many Have to Call Bottom on the First Day Up?
Most indexes appear to have (for one day) held at the Double Bottom area we have outlined for you. A double bottom occurs when a low is hit, rallied off of, then retested with a successful hold. The problem is there is really no telling if this is just the “end of quarter” bs that…
September Summed Up: Uncertainty Avoidance @FoxBusiness
http://www.foxbusiness.com/markets/2015/09/30/september-summed-up-uncertainty-avoidance/?intcmp=bigtopmarketfeatures
U.S. launches insider-trading probe into Federal Reserve leak: WSJ
http://www.reuters.com/article/2015/09/30/us-usa-fed-probe-idUSKCN0RU2WW20150930
Costco to Build 32 New Stores in U.S. and Abroad @FoxBusiness
http://www.foxbusiness.com/industries/2015/09/30/costco-to-build-32-new-stores-in-us-and-abroad/?intcmp=marketfeatures
Tesla Model X is a Test for SUVs and Luxury Cars @FoxBusiness
http://www.foxbusiness.com/industries/2015/09/30/tesla-model-x-litmus-test-for-suvs-and-luxury-cars/?intcmp=marketfeatures
Dudley Downplays Market Liquidity Concerns @FoxBusiness
http://www.foxbusiness.com/economy-policy/2015/09/30/fed-dudley-downplays-market-liquidity-concerns-eyes-hft/?intcmp=marketfeatures
Required Reading Of The Day
Rival air campaigns rage over crowded Syrian skies IMF’s Lagarde: Global Economy is Slowing Ford Playing Catch-Up to GM in Truck Sales Discovery CEO: Streaming Devices are ‘Dumb’ What to Expect From the Markets in October
WE REMEMBER 1998 WELL!
We remember 1998 very well. There was some sort of Russian Ruble crisis. The market shaked and shuttered. The market topped out in July, had a vicious drop into the end of August (akin to the drop we just had into late August). It then rallied up into declining moving averages before failing (just like…