Hello Everyone,
Market Comments: Vary narrow move up in the market today lead by mostly tech: Nasdaq gained 0.3%, while the SPX, Dow Jones, and especially the Russell IWM sold off, as did most market sectors.
That said - one option we favor is a bounce up in the wedge/leading diagonal, and then another sharp move lower before a better bottom is in place.
The 10-Year pulled back nicely today after being up in the morning initially, and so did the US Dollar. A decent top may be setting up on the 10 year finally, and a bottom in TLT 20 year bonds. TMF looks interesting.
Earnings Season: Some big earnings this week: MSFT/GOOGL on Tuesday, META on Wednesday AMZN on Thursday, AAPL is Nov 2nd
have a great night!
Matt
