October 30th – Blue Skies Ahead

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I want to start todays report by thanking a good friend of mine for sending me this theme picture that he took showing the beauty in New England at this time of year. Thank you Kevin! 🙂

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Our General Markets have a slightly mixed appearance, so I'll discuss that next:

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SPX - For well over a week I have been saying that we need to expect choppy sideways trading as we approach the US Elections and the next FOMC Meeting, because the markets hate uncertainty. We are seeing that choppy indecision reflected in the charts. Notice that the September lows were not broken...

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