11/5/2025
Here are the three major indexes on a 30 minute chart. The Dow displays the clearest pattern showing a five wave decline.
SPX has done the same filling a gap.
Markets are flat this morning with no real movement. A bounce to the upside seems likely but we are seeing headlines that all of a sudden, investors are questioning the AI boom. The Magnificent Seven were off a bit the big losers META and Palantir. Palantir trades at a 200 p/e and is up 400% this year, no wonder there are questions.
the short silver ZSL did well yesterday and there should be more gains the next two months. Oil has yet to break up or down.
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