Fear and Greed Index - Investor Sentiment | CNN

According to my turn probability summation system, the day this coming week with the highest probability of seeing a turn in or acceleration of the current trend in the DJIA is Thursday October 22nd, but the summations for the rest of the days of the week are so high that multiple turns are possible, maybe a whipsaw affair.

Last week the Monday the 12th turn window shown in the first red bracket in the marketwatch.com plot excerpt below only tagged a minor high leading to a small decline, so a dud.  The Friday the 16th turn window also tagged a high the importance of which will of course depend on action early this coming week.

Since late September the broad market has been making a valiant attempt to head higher, but a number of stocks have dropped out of the march northward over the last couple of weeks as seen in the red versus the green trend lines AD line and stocks above the 200 day moving average divergence with the NY composite index.   It is certainly possible that the breadth will improve healing this divergence, but given October's history, you have to at least consider the possibility that the index might just fall to get in line with breadth.

Finally, could somebody please explain to me how such awful inflation data could lead to a bond rally.  Maybe it was just a short squeeze, or maybe anticipation of Warsh's Alfred E. Newman approach to inflation, What, Me Worry, AI Will Save the Day? speech on Friday that caused the bond rally.  If the red trend line holds, maybe I'm making much ado about nothing, but a break of the line pointing to even lower rates is a hard pill to swallow considering the current rising high price of low living.  Kevin is still talking tough, but a piddly quarter point Fed Funds rate hike and maybe none at the meeting next week and the ever- expanding balance sheet actions certainly don't match the rhetoric. 

Regards,

Douglas

....so far. Tariffs here and there that can double overnight, war vs Iran that has been won so many times that I've lost the count, announced ceasefire

between Russia and Ukraine that here in Europe we believe none of the two parts were aware of, all of that is making my gain for the year, cut in half compared to last year's one. 

I'm so happy.  

The CPI came out a little hotter than expected, and futures are down some off of previous highs. Keep in mind that this is an X wave and they can be very erratic!

The possible SPX cash range today: SPX 7830 to 7710.  7710 minimum is still expected sometime today then much higher into Friday to at least SPX 7887.

people walking in t-shirt, here at the latitude of Austria more or less. Never seen before. The weather of June in advanced October. When I was a kid we used to play football outdoor, our hands were 

red in October and violet in November, due to coldness. Now we are in t-shirt. Great.......