The popular averages slipped to the downside on Friday, a monthly options expiration day. Boeing (BA -
Above is my three-
Then a Near Eastern oil related conflict led to the SPY dropping hard on September 24, but the 50-
The climb continued on October 4 to a close back above the 50-
Bearish sentiment remains high while bullish sentiment is low as we move further into what is normally a strong quarter for the stock market. It could continue to climb a wall of worry.
© Curt Renz
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DISCLAIMER: Our commentaries are provided as general information and not investment recommendations. You are responsible for your own investment decisions. Our opinions are based on historical research and data believed to be reliable. There is no guarantee that results will be profitable. We are not responsible for errors or omissions. We may hold positions in vehicles that are mentioned.