Weekend 10/24/2026
OEX SP 100
After the 652 point drop in the DOW Friday, it seems logical to expect a bounce back this next week. The gap at 3830 would be reasonable near term target. MOving to that area would also allow the MAs to start converging. This needs to happen to signal a change in trend, to the downside.
HDGE is a bear fund that runs opposite the DOW. This chart shows the counter trend wave two up in the DOW purple at bottom and how well HDGE is just the opposite. This should set up a good entry in HDGE this next week. Again after the big drop Friday, let'sexpect a bounce.
Bonds already in a bear market from March 2000, the 39 year low in interest rates from the 1981 high.
TLT is finishing a Wave A in a countertrend A B C move
TLT should peak and everse this week in a Wave B down. That will be followed by a Wave C up to complete the pattern. Short term would exit TLT positions and add TBF
TBF in purple over laid TLT
As with HDGE and INDU, TBF in purple moves opposite of TLT. Time to buy TBF and exit TLT if you are a short term traader, short term being here about Oct 5 - Oct 23, not really that short.
TBF doe snot have as big a move as TLT but it is one third the price.
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