Slight Variations

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Did you read my Tuesday report and the Wednesday report? Not much has changed in the way of expectations really.  We could say that we are  just seeing a slight variation of the same theme.

Wednesday morning I pointed out the resistance above at the close on Tuesday for the   NASDAQ, SPX, IWM, etc.   Even though the Futures were Green, I thought that we would drop later in the day.

NASDAQ Tuesday OCT 20

NASDAQ 10-20

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The Coin Toss

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Many sectors of the market look ready to break one way or the other. Can we gain an edge as to which way they will go, or is it just a coin toss? Lets take a closer look.

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This was the NASDAQ at the close on Monday. It was pushing against resistance in various forms.

NASDAQ 10-19

Notice what seems to have showed up by the close today...

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Mixed Reviews

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Mondays show opened up to mixed reviews.

SPX -  SO far we have seen a nice move up from the double bottom lows, but there is some resistance slightly overhead.

SPX 10-19

So here is where the reviews get a bit mixed...

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