Trade Wars have officially Begun

December S&P E-mini futures: The ES is headed much higher over the coming months. Support is 6500. QQQ: Support is 568. TNX (ten year note yield): The 3.75% level is support. A swing up to 5.50% is underway. Euro-US Dollar: The 112 level is support. Upside target at 120 was nearly reached. Bitcoin: Resistance is…

October has historically earned a reputation for market turbulence, with some of the most significant market crashes occurring during this month—the 1929 and 1987 crashes being the most infamous examples. This seasonal market phenomenon, often dubbed the “October Effect,” is linked to increased volatility and sell-offs as investor sentiment becomes more cautious. For tech stocks,…

By Lawrence G. McMillan Stocks continue to move higher, with $SPX making new all- time highs nearly every day. This has produced some overbought conditions, which we will discuss, but the $SPX chart remains strong. There is now a support area at 6700 (the September highs which were tested successfully as support this week). Below…