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Todd Market Forecast


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#1 Chris G

Chris G

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Posted 24 September 2013 - 11:28 PM

Todd Market Forecast

for Tuesday September 24, 2013

By Stephen Todd

www.toddmarketforecast.com



Available Mon- Friday after 6:00 P.M. Eastern, 3:00 Pacific.

DOW - 67 on 340 net advances

NASDAQ COMP + 3 on 250 net advances

SHORT TERM TREND Bearish

INTERMEDIATE TERM TREND Bearish

STOCKS: We were surprised by the late selling, especially considering the fact that

breadth was decent.

The budget battle and conflicting signals from the Fed were given credit for the

lack of progress and the late selling. There is probably some choppiness because of

the end of quarter window dressing.

GOLD: Gold gave up another $3.

CHART: Here's a reason to be cautious going into October. The last two times

the 20 day moving average of the Composite Gauge has been below 8.0, we had a

meaningful decline. The one previous to those, failed to halt the rally, but that was

in the midst of the "good six month" period that we covered in the May newsletter.


To read more please download the PDF here:

Attached File  aamarket_commentary_2.doc   126.5KB   274 downloads