Monday, October 20, 2014

Signals are Green...10.20.14

Despite the weight of IBM's miss on the Dow the markest were in a positive mood and based on Apple's glowing after hours earnings report the odds are for a full press forward tomorrow.
Given the apparent discounting of geo-political news the markets are going to be fickle as earnings trickle out.  We've still got 10 days left in October so the fun may not be over yet but for now it  appears that SPY has bounced from the lows and is headed back up.
The Vixen chart below illustrates the change in momentum over the past 3 days.