10/8/2026 Thursday
Let's look at this week,not a bottom but possibly a top
Industrials
A bit drop Wednesday, and then the market clawed back to unchanged both days, That must have taken a lot of buying power.
SPX
Wed the SPX clawed back but did not close the gap. Thursday today it never came close to recovering
NDX
NDX is the most important as it holds the tech stocks which have led and held up averages.
Not a good day today thursday,Wed matche the INDU and SPX
NVDA
MSFT
Notice NVDA and MSFtT look just like the NDX or is it the other way around?
Point being, these are the stocks, ok AAPL held up, holding up the SPX and NDX.
Yes this is short term and not a trend change, patience
TLT continues to show bottming action.
Someone bought 252,000 calls Oct 30 and Oct 15 on TLT 82 this week, calls outnumnber puts this week on TLT, move evidence of a tottom in bond prices, for a while.
No comments:
Post a Comment