10/20/2026
Amgen, Merck, and 3M were the big leaders that accounted for most of the DOW gain today.
An impressive move on the daily chart. Not much to report on NDX and SPX.
Our recommendation for PSQ and SH does not look bad but I was surprised by DOW today.
This is evidence of the roation out of AI stocks, 3M is certainly no AI.
It looks like yields have further to drop.
The trendline is at 4.962, whcih sounds like a reasonable target.
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